Roma borrowed Rs. 64000 from a bank for 1 ( 1\2 )years at the rate of 10 % per annum. Compare the total compound interest payable by Roma after 1 ( 1\2 ) years , if the interest is compounded half - yearly .
Answers
Given: Roma borrowed Rs. 64000 from a bank for 1 ( 1\2 )years at the rate of 10 % per annum.
To find: Compare the total compound interest payable by Roma after 1 (1\2) years , if the interest is compounded half - yearly .
Solution:
- Now we have given P = Rs 64000, R = 10% pa and n = 1.5 years
- Now amount after n years will be:
A = P(1 + R/100 )^2n
- Putting the values in it, we get:
A = 64000 x (1 + 10/200 )^2(1.5)
A = 64000 x (200+10/200 )³
A = 64000 x (210/200 )³
A = 64000 x (1.05 )³
A = Rs 74088
- Now for Compound Interest we have:
CI = A - P
CI = 74088 - 64000
CI = Rs 10088
Answer:
So the Compound Interest will be Rs 10088.
heyy.
enna un prechana?? nan ethavathu senjiya?? illa ellarum sollranga namma renduperum kovam. lla irukkennu.. enna un prechana??
suthama ennaku Puriyilla?? enn aprechananu sonna nallayirukkum... nan 2or 3 days offline ayirunthen due to some personal issues... nan online la vanthathum ellarum kekara what's the problem with in us???
en ma ennaku suthama puriyilla.. sonna nalla irukkum plss