Find the amount and the compound interest on Rs. 8000 5% per annum 2 years, compounded annually. (2024)

FAQs

Find the amount and the compound interest on Rs. 8000 5% per annum 2 years, compounded annually.? ›

Amount=P(1+r100)n=8000(1+5100)2=8000×(1+120)2=8000×(2120)2=8000×441400=20×441=8820∴CI=Amount−Principal=8820−8000=820.

= Rs 820. Q. Find compound interest on Rs.

Therefore, the compound interest on a sum of rupees 8000 for 2 years at an annual interest rate of 5% compounded annually is 820 rupees. This means that after 2 years, the initial sum of 8000 rupees will have grown to 8820 rupees.

CI=882−800=Rs. 82. Find the compound interest on Rs. 10,000 for 25 years at 20% per annum, interest being payable half-yearly.

The correct Answer is:Rs 10035.2

Step by step video, text & image solution for Find the amount of Rs 8000 after 2 years at the rate of 12% per annum compounded annuallys. by Maths experts to help you in doubts & scoring excellent marks in Class 14 exams.

=P+I=15000+1500= Rs. 16,500.

∴ C.I. = ₹(10824.32 - 10000) = ₹824.32.

∴Compoundinterest=A−P=9261−8000=1261.

What time does RS 800 amount to RS 882 at 5% per annum compounded annually? ›

∴ Time = 2 years.

Detailed Solution. ∴ The correct answer is Rs. 3109.

So, in 2 years the amount will become 8820 rupees.

8000Period (n) = 2 yearsRate (R1)=9% for the first yearR2=10% the second year∴ Amount (A)= P (1+R1100)1(1+R2100)1=8000 (1+9100) (1+10100)=Rs. 8000×109100×110100=Rs. 9592.

Answer. So, the simple interest on 8000 naira for 4 years at a rate of 2% per annum is 160 naira.

10000×111100×111100=Rs. 12321C.I = A - P = Rs. 12321 - 10000 = Rs. 2321.

I=A−P=11,025−10,000=Rs. 1,025. Find the amount and the compound interest on Rs 10000 at 5% per annum, for 2 years compounded annually.

∴ Compound interest is Rs. 410.

500 at 5% S.I for 1 years. What is the C.I at the same rate at the end of 2 years? The compound interest on a certain sum of the money at 5%per annum for 2 years is Rs. 328.