Calculate the amount and compound interest on Rs 18,000 for 21/2 years at 10% per annum compounded annually. Show Here P = Rs 18000, T = , R = 10% p.a.∵ Interest is compounded annually. n = 2 + ∴ = = Rs 18000 = Rs 18000 = Rs 22869 ∴ Amount = Rs 22869 CI = Rs 22869 - Rs 18000 = Rs 4869 650 Views A milkman sold two of his buffaloes for Rs 20,000 each. On one he made a gain of 5% and on the other a loss of 10%. Find his overall gain or loss.(Hint: Find CP of each.) 192 Views Find the buying price of each of the following when 5% ST is added on the purchase of (a) A towel at Rs 50 (b) Two bars of soap at Rs 35 each (c) 5 kg of flour at Rs 15 per kg 925 Views Kamala borrowed Rs 26,400 from a Bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan? (Hint: Find A for 2 years with interest is compounded yearly and then find SI an the 2nd year for 4/12 tears.) Here, we shall calculate the amount for 2 years using the CI formula. Then this amount will become the principal for next 4 months, i.e. 4/12 years. 119 Views Calculate the amount and compound interest on: (a) Rs 10,800 for 3 years at 121/2 % per annum compounded annually. (b) Rs 18,000 for 21/2 years at 10% per annum compounded annually. (c) Rs 62,500 for 11/2 years at 8% per annum compounded half yearly (d) Rs 8,000 for 1 year at 9% per annum compounded half yearly. (You could use the year by year calculation using SI formula to verify.) (e) Rs 10,000 for 1 year at 8% per annum compounded half yearly. 1355 Views A shopkeeper bought two TV sets at Rs 10,000 each. He sold one at a profit 10% and the other at a loss of 10%. Find whether he made an overall profit or loss. 1238 Views Principal (P) = Rs 18,000 Rate (R) = 10% annual Number of years (n) = `2 1/2` year The amount for 2 years and 6 months can be calculated by first calculating the amount for 2 years using the compound interest formula, and then calculating the simple interest for 6 months on the amount obtained at the end of 2 years. Firstly, the amount for 2 years has to be calculated. `A = Rs[18000(1 + 1/10)^2] = Rs (18000xx11/10xx11/10)` = Rs 21780 By taking Rs 21780 as principal, the S.I. for the next `1/2` year will be calculated. S.I = Rs `((21780 xx 1/2 xx 10)/100)` = Rs 1089 ∴ Interest for the first 2 years = Rs (21780 − 18000) = Rs 3780 And interest for the next `1/2` year = Rs 1089 ∴ Total C.I. = Rs 3780 + Rs 1089 = Rs 4,869 A = P + C.I. = Rs 18000 + Rs 4869 = Rs 22,869 How do you calculate 2.5 year compound interest?Compound interest will be calculated by C.I = [P × (1+R100)n] - P.. C.I = [15000 × (1+5100)5] - 15000.. C.I = [15000 × (1+120)5] - 15000.. What is the compound interest on rupees 20000 at 10% for 2 years?Where P is principal, R is rate of interest and T is time. ∴ The compound interest for 2 years is Rs. 2464.
What is the compound interest on 1000 for 2 years at 10% per annum?The correct option is C 210
Calculate the compound interest (in ₹) on ₹1,000 in 2 years at 10% per annum. Q.
What is the compound interest of 10% for 3 years?∴ The compound interest is Rs. 3,310.
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