Present value, P = Rs.5000
Amount, A = Rs.5832
Time, n = 2 years
Now,
Amount (A) = P (1 + R/100)n [Where, A = Amount with compound interest
P = Present value
R = Annual interest rate
n = Time in years]
∴ Amount (A) = P (1 + R/100)n
⇒ 5832 = 5000 (1 + R/100)2
⇒ (1 + R/100)2 = 5832/5000
⇒ (1 + R/100)2 = 2916/2500
⇒ (1 + R/100)2 = (54/50)2
⇒ 1 + R/100 = 54/50
⇒ R/100 = (54/50) - 1
⇒ R/100 = (54 – 50)/50
⇒ R/100 = 4/50
⇒ R = 400/50
⇒ R = 8
∴ Rate = 8 %.
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Present value, P = Rs.5000
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- Related Videos
- At what rate percent per annum will 5000 amount to 5832 in 2 years?
- What will be the compound interest on 5000 in 2 years?
- What is the compound interest on Rs 5000 for 2 years at rate of interest 4% per annum?
- What rate per annum compound interest will Rs 5000?
Amount, A = Rs.5832
Time, n = 2 years
Now,
Amount (A) = P (1 + R/100)n [Where, A = Amount with compound interest
P = Present value
R = Annual interest rate
n = Time in years]
∴ Amount (A) = P (1 + R/100)n
⇒ 5832 = 5000 (1 + R/100)2
⇒ (1 + R/100)2 = 5832/5000
⇒ (1 + R/100)2 = 2916/2500
⇒ (1 + R/100)2 = (54/50)2
⇒ 1 + R/100 = 54/50
⇒ R/100 = (54/50) - 1
⇒ R/100 = (54 – 50)/50
⇒ R/100 = 4/50
⇒ R = 400/50
⇒ R = 8
∴ Rate = 8 %.
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Last updated on Sep 21, 2022
IBPS RRB Clerk Provisional Allotment List (CRP-RRBs-X) released on 22nd September 2022. Earlier, the IBPS RRB Clerk Prelims Scorecard (CRP RRBs XI) was released on 13th September 2022. The Mains Examination will be held on 24th September 2022. The IBPS RRB Clerk Admit Card for the Mains Exam (CRP-RRB-XI). has also been released and candidates can download the same by 24th September 2022. The final selection of the candidates will be based on their scores in the Mains Exam. A total number of 4483 vacancies are released for the RRB Office Assistant 2022. With a decent pay scale of Rs. 11,765 to Rs. 31,540, it is a golden opportunity for job seekers. Prepare well for your excam with the help of IBPS RRB Clerk books.
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Updated On: 27-06-2022
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Answer : D
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At what rate percent per annum will 5000 amount to 5832 in 2 years?
Hence rate = 8%
What will be the compound interest on 5000 in 2 years?
This is an Expert-Verified Answer => ₹6050 - ₹5000 = C.I. => ₹1050 = C.I. So, the compound interest on ₹5000 for 2 years at the rate of 10% is ₹1050 .
What is the compound interest on Rs 5000 for 2 years at rate of interest 4% per annum?
[Solved] The compound interest on Rs. 5000 at 4% per annum is Rs. 408.
What rate per annum compound interest will Rs 5000?
5000 at 8% per annum compounded annually.