According to the question, compounded half yearly Rate = \( \Large \frac{R}{2} \) Show
Time =\( \Large \frac{2T}{3} \) Amount=\( \Large P \left(1+\frac{R}{2 \times 100}\right)^{3}\) 2315.25=\( \Large 2000 \left(1+\frac{R}{200}\right)^{3}\) \( \Large \frac{2315.25}{2000}= \left(1+\frac{R}{200}\right)^{3}\) \( \Large \frac{231525}{200000}= \left(1+\frac{R}{200}\right)^{3}\) \( \Large \frac{9261}{8000}= \left(1+\frac{R}{200}\right)^{3}\) \( \Large\left(\frac{21}{20}\right)^{3} = \left(1+\frac{R}{200}\right)^{3}\) \( \Large 1+\frac{R}{200}=\frac{21}{20}=R = 10\% \) Free ICAR Technician: General Knowledge Free Mock Test 10 Questions 10 Marks 8 Mins Given: Compound interest on Rs.2000 for 3 years = Rs.315.25 Formulas used: Amount = Principal + Interest Amount = P(1 + r/100)n Calculation: Amount = 2000 + 315.25 = Rs.2315.25 Amount = P(1 + r/100)n ⇒ 2315.25 = 2000(1 + r/100)3 ⇒ 231525/200000 = (1 + r/100)3 ⇒ ∛9261/8000 = 1 + r/100 ⇒ 21/20 - 1 = r/100 ⇒ (21 - 20)/20 = r/100 ⇒ 1/20 = r/100 ⇒ 1 = r/5 ⇒ r = 5 ∴ The rate of interest is 5% per annum. Latest ICAR Technician Updates Last updated on Sep 22, 2022 ICAR Technician DV schedule and admit card released for various locations. The CAR Technician recruitment.is ongoing for 641 vacancies. The candidates who had qualified the Computer Based Test have been shortlisted for the Document Verification. The ICAR Technician salary will be in the pay scale of INR 21700 - INR 69,100 Ace your Interest preparations for Compound Interest with us and master Quantitative Aptitude for your exams. Learn today! Find the rate percent per annum, if Rs 2000 amount to Rs 2315.25 in an year and a half, interest being compounded six monthly. Let the rate percent per annum be R.
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At what rate percent per annum of compound interest will Rs 2000 amounts to Rs 2332.8 in 2 years?This is Expert Verified Answer
Given, Principal = 2000, A = 2332.80, Time n = 2 years. ⇒ r = 8. Therefore, R = 8%.
In what time will Rs 2000 amounts to Rs 2315.25 at 5% per annum compounded annually?Given A = 2000, P = 2315.25, n = 3 years. r = 5%. Therefore the required rate is 5% per annum.
At what rate percent per annum will Ron lends a sum of 2000?Hence, the rate of interest will be equal to 5%.
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At what rate percent per annum will a sum of rs 2000 amount to Rs 2315.25 in 3 years
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