Question

So, New principal rol UC
8,400x1x5
100
= 420
[
Interest for the second quarter =
Hence,
Compound Interest = *(8,820 – 8,000)
820
as one year.
Worksheet 2
2
1.
Compute the compound interest on 5,000 for
compounded half-yearly.
2.
compounded quarterly.
3.
him on maturity.
5.
annum for six months compounded half-yearly and quarterly respectively. Which
option is better?
Bela borrowed 25,000 from a finance company to start her boutique at 20%
per annum compounded half-yearly. What amount of money will clear her debt
after 1- years?
1
2
88
So, Amount at the end of second quarter = * (8,400 + 420) = * 8,820
Note: When conversion period is not mentioned in the given problem, it is taken
years at 16% per annum
Find the compound interest on 15,625 at 16% per annum for nine months when
interest at 12% per annum reckoned quarterly, find the amount to be received by
Rohit deposited 10,000 in a bank for six months. If the bank pays compound
Find the difference between the compound interest on * 25,000 at 16% per​

Answer 1

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