Show
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses No worries! We‘ve got your back. Try BYJU‘S free classes today! No worries! We‘ve got your back. Try BYJU‘S free classes today! No worries! We‘ve got your back. Try BYJU‘S free classes today! No worries! We‘ve got your back. Try BYJU‘S free classes today! Solution The correct option is A 3152.5Time = 9 months = 3 quarters Rate = 20% per annum = 5% per quarter Amount after 9 months =20000×(1+5100)3=20000×2120×2120×2120=23152.5Total interest =23152.5−20000=3152.5Textbooks Question Papers Home Q. Peter borrows Rs. 12000 for 2 years at 10% p.a. compound interest. He repays Rs. 8000 at the end of first year. Find: Ranbir borrows Rs. 20,000 at 12% per annum compound interest. If he repays Rs. 8400 at the end of the first year and Rs.9680 at the end of the second year, find the amount of loan (in Rs.) outstanding at the beginning of the third year.Answer Verified - Hint: We will first calculate the compound interest for the first year. Then, we will calculate the compound interest for the second year and then, the amount that will be left with us would be the outstanding at the beginning of the third year.Complete step-by-step solution - Given that Ranbir borrowed Rs.20000 at 12% compound interest. Note:- Let us now know why we have calculated
the answer of this question using the formula of simple interest and not compound interest. What will be the compound interest on rupees 20000 at 12% per annum for 6 months compounded quarterly?20000 at 12% compound interest. Therefore, the answer of this question is Rs. 6000. Note:- Let us now know why we have calculated the answer of this question using the formula of simple interest and not compound interest.
What is the interest on rupees 40000 compounded annually at 6% per annum for 6 months?64=32% quarteralyPeriod (n) = 6 months = 2 quaters∴ Amount = P (1+R100)n=Rs. 40000 (1+32×100)2=Rs. 40000×203200×203200=Rs. 41209C.I.
How much would a sum of 20000 amount at 12% for 9 months if the interest is being compounded quarterly?21854.54 in 9 months.
What is 12% interest compounded monthly?"12% interest compounded monthly" means that the interest rate is 12% per year (not 12% per month), compounded monthly. Thus, the interest rate is 1% (12% / 12) per month.
|