If the difference between the compound interest compounded half
yearly and yearly on a sum of money for 2 years at the rate of 20% per
year is Rs. 289.20, find the sum
Answers
Answer:
<
CBSEICSEJEENEETPRICING
Request a call back
User profile image
Login /
Sign Up
Home
Class 1 to 12
JEE
NEET
Doubt and Solutions
Textbook Solutions
Board Papers
Sample Papers
Pricing
Diagnostic Test
B2B Partners
Franchisee
Topper TV
Topperlearning
ICSE Class 9 - Ask The Expert
Answered
the difference between the compound interest for 1 year , compounded half yearly and the simple interest for 1 year on a certain sum of money at 10% per annum is 360 . find the sum
Asked by sayantikasingh3318.9sdatl | 24th May, 2020, 09:01: AM
Expert Answer:
Let the principal, P = Rs. x, r = 10%, t = 1 year
Using S.I. = Prt/100,
S.I. = Rs.(x × 10 × 1)/100 = Rs. x/10
No of conversion period, n = 2 × 1 = 2,
r = 10/2 = 5% per conversion period, P = x,
Using C.I. = P [(1 + r/100)n - 1],
C.I. = x [(1 + 5/100)2 - 1]
= x(21/20 ×21/20 - 1)
= x(441/400 - 1)
= (41/400)x
As per problem, C.I. - S.I. = Rs. 360
Or, Rs.(41/400)x - Rs.x/10 = 360
Or, Rs.(41/400 - 1/10)x = 360
Or, Rs. x/400 = 360
Or, x = Rs. 360 × 400 = Rs. 144000
Answered by Renu Varma | 24th May, 2020, 01:24: PM
Concept Videos
Practice Test
All Questions Ask Doubt
1 19. Calculate the compound interest at 8% p.a., compounded half-yearly, on Rs 3,000 for 13 years.
In what time will ₹5120 amount to ₹7290 at 12×1/2% per annum, compounded annually.
how to find compound interest using formula
Calculate the Compound interest for the second year on Rs. 8000 invested for 3 years at 10%per annum
The simple interest on a certain sum of money for 3years at 10% is Rs.2400. find the amount due and the compound interest on this sum of money at the same rate after 3 years, interest is compounded annually.
Find the amount and compound interest on Rs.40000 for 1 and half years at 10%per annum, the interest being compounded annually.
The simple interest on a sum of money for 2years at 10% p.a. is rupees 1700 Find:1st
) Mr. Sharma took a loan of Rs.10000 from SBI at the rate of 10% p.a. compounded annually.Find the amount and the compound interest after 3 years
Can you give me this questions ans the simple interest on sum of money for t 2 years at 10% p.a. is 1700 Find: a) The sum of money B) The compound interest on this sum for 1year payable half-yearly at the same rate
The simple interest on a sum of money for 2 years at 10% p.a. is 1700.Find:(a) the sum of money, (b) the compound interest on this sum for 1 year, payable half-yearly at the same rate.
BOARDS
CBSE
ICSE
Maharashtra
Gujarat
ENTRANCE EXAMS
STUDY RESOURCES
FREE TEXTBOOK SOLUTIONS
QUICK LINKS
TOPPER TV
CONTACT :
1800 212 7858 / +91 9372462318
9:00am - 9:00pm IST all days.
DOWNLOAD OUR APP NOW :
NEWSLETTER : Get latest updates in your inbox
Your Email ID
Subscribe
STAY CONNECTED :
REGISTERED OFFICE :
First Floor, Empire Complex, 414 Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra India.
About UsContact UsTopper In PressTerms and ConditionsPrivacy PolicyCareersTestimonials
NETWORK18 SITES
News18 IndiaCricketNextBangla NewsGujarati NewsUrdu NewsFirstpostBurrpMarathi NewsMoneycontrolCompareIndiaHistory IndiaMTV IndiaIn.com
Copyright Notice © 2021 Greycells18 Media Limited and its licensors. All rights reserved.
My Class
Videos
Undoubt
Test
Plans