(iv) 10,000 for 2 1/2 years at 5% per annum compounded annually
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Answer:
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Class 11
>>Applied Mathematics
>>Basics of financial mathematics
>>Accumulation with simple and compound interest
>>Calculate the amount and compound intere
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Calculate the amount and compound interest for Rs.10,000 for 1
2
1
years at 5% compounded half-yearly.
Medium
Solution
verified
Verified by Toppr
Here P=10,000 Rs.,
n=2(1
2
1
)=3 years(Compounded semi-annually) and R=
2
5
(Compounded semi-annually)
Amount(A)=P(1+
100
R
)
n
=5000(1+
2×100
5
)
3
=5000(
40
41
)
3
=
40×40×40
5000×(41)
3
=10,768.90 Rs.
Compound interest(C.I)=A−P=10,768.90−10,000=768.90
Hence, the compound interest is Rs. 769.
Answer:
Given,p= Rs.10,00
R= 5%
N=2 1/2
Solution:
We know that , A =p ( 1+ r/100)^n
A= 10000(1+5/100)^21/2
= 10000 (21/20)^5/2
= 10000× 0.64
= 6400
The Loan of amount ₹6400