What is the amount of Rs.6,000 at the rate of 5% per annum for 2 years, when interest is compounded annually?
Show
Answer (Detailed Solution Below)Option 1 : Rs. 6615 Free CT 1: Growth and Development - 1 10 Questions 10 Marks 10 Mins Given: Principal of Rs.6000 at 5% p.a. for 2 years Formula used: Amount = Principal × (1 + r/100)n Calculation: Amount = 6000 × (1 + 5/100)2 ⇒ 6000 × 21/20 × 21/20 = 6615 ∴ Amount = Rs.6615 Alternate Method Effective rate of interest for 2 years = r + r + (r × r)/100 ⇒ 5 + 5 + (5 × 5)/100 = 10 + 0.25 = 10.25% Amount is calculated on Principal that is100% of itself. So, Amount = Principal + Interest = 100% + 10.25% = 110.25% ∴ Amount = Rs.6000 × 110.25% = Rs.6615 Last updated on Nov 24, 2022 The Uttar Pradesh Basic Education Board (UPBEB) has released the UPTET Final Result for the 2021 recruitment cycle. The UPTET exam was conducted on 23rd January 2022. The UPBEB going to release the official notification for the UPTET 2022 soon on its official website. The selection of the candidates depends on the scores obtained by them in the written examination. The candidates who will be qualified for the written test will receive an eligibility certificate that will be valid for a lifetime. Ace your Interest preparations for Compound Interest with us and master Quantitative Aptitude for your exams. Learn today!
Course NCERT Class 12Class 11Class 10Class 9Class 8Class 7Class 6 IIT JEE Exam JEE MAINSJEE ADVANCEDX BOARDSXII BOARDS NEET Neet Previous Year (Year Wise)Physics Previous YearChemistry Previous YearBiology Previous YearNeet All Sample PapersSample Papers BiologySample Papers PhysicsSample Papers Chemistry Download PDF's Class 12Class 11Class 10Class 9Class 8Class 7Class 6 Exam CornerOnline ClassQuizAsk Doubt on WhatsappSearch DoubtnutEnglish DictionaryToppers TalkBlogJEE Crash CourseAbout UsCareerDownloadGet AppTechnothlon-2019  Logout Login Register now for special offers +91 Home > English > Class 9 > Maths > Chapter > Compound Interest (Using Formula) > At what rate per cent per annu... Updated On: 27-06-2022 UPLOAD PHOTO AND GET THE ANSWER NOW! Text Solution Answer : 0.05 Answer Step by step solution by experts to help you in doubt clearance & scoring excellent marks in exams. Related Videos646905746 0 500 1:53 3 वर्षों में 20 प्रतिशत प्रति वर्ष की दर से 12500 रुपए पर वार्षिक रूप से संयोजन चक्रवृद्धि ब्याज से मिलने वाली राशि का होगी? 283264742 0 300 3:54 At what rate per cent per annum will Rs 5000 amount to Rs 5832 in 2 years, compounded annually? 283264724 0 400 3:25 At what rate per cent per annum will a sum of Rs 7500 amount to Rs 8427 in 2 years, compounded annually? 283264550 0 200 3:11 At what rate per cent per annum will a sum of Rs 6250 amount to Rs 7840 in 2 years, compounded annually? 283264636 0 4.6 K 5:03 At what rate per cent per annum will Rs 640 amount to 774.40 in 2 years when compounded annually? 489585573 0 8.8 K 2:41 At what rate per cent per annum will Rs. 2304 amount to Rs. 2500 in 2 years at compound interest ? Show More Comments Add a public comment... Follow Us: Popular Chapters by Class: Class 6 AlgebraBasic Geometrical IdeasData HandlingDecimalsFractions Class 7 Algebraic ExpressionsComparing QuantitiesCongruence of TrianglesData HandlingExponents and Powers Class 8 Algebraic Expressions and IdentitiesComparing QuantitiesCubes and Cube RootsData HandlingDirect and Inverse Proportions Class 9 Areas of Parallelograms and TrianglesCirclesCoordinate GeometryHerons FormulaIntroduction to Euclids Geometry Class 10 Areas Related to CirclesArithmetic ProgressionsCirclesCoordinate GeometryIntroduction to Trigonometry Class 11 Binomial TheoremComplex Numbers and Quadratic EquationsConic SectionsIntroduction to Three Dimensional GeometryLimits and Derivatives Class 12 Application of DerivativesApplication of IntegralsContinuity and DifferentiabilityDeterminantsDifferential Equations Privacy PolicyTerms And Conditions Disclosure PolicyContact Us At what rate percent per annum will 6000 amount to 6015 in 2 years when interest is compounded annually?⇒ R = 5 % p.a.
What is the amount of Rs 6000 at the rate of 5% per annum for 2 years when interest is compounded annually?∴ Amount = Rs.6000 × 110.25% = Rs.6615
The UPTET exam was conducted on 23rd January 2022.
At what rate percent per annum compound interest will Rs 6000 amount to Rs 6945.75 in 3 years?at what rate per annum compound interest will rs 6000 amount to rs 6945.75 in3 year. So, rate of interest is Rs = 5% per annum.
What will be the compound intrest INRS on a sum of Rs 6000 for 2 years at the rate of 10% per annum 1260?So the compound interest on rs. 6000 at 10% per annum for 2 years will be rs. 1260 (Ans.)
|
At what annual rate of interest rupees 6000 would become rupees 6615 in 2 years?
zusammenhängende Posts
Urheberrechte © © 2024 de.ketajaman Inc.
