Find the amount and the compound interest on the following: Show
SolutionRs.8000 for 3years at 10% per annum compounded annually. = `8000(1 + 10/100)^3` = `8000(11/10)^3` = `8000 xx (1331)/(1000)` Concept: Concept of Compound Interest - When the Time is Not an Exact Number of Years and the Interest is Compounded Yearly Is there an error in this question or solution? APPEARS INCompound interest Rs 8000 for 3 years at 5% for the first year and 10% for the second year and 15% for the third year will be
Answer (Detailed Solution Below)Option 3 : 2626 Free IBPS Clerk All India Full Mock Test 100 Questions 100 Marks 60 Mins Solution: Given: Principal amount (P) = 8000 Interest rate for first year = 5% Interest rate for second year = 10% Interest rate for third year = 15% Formula used: Principal amount [{1 + (Rate of First year/100)} {1 + (Rate of second year/100)} {1 + (Rate of third year/100)}] - Principal Calculation: Compound interest = 8000 [{1 + (5/100)} {1 + (10/100)} {1 + (15/100)}] - 8000 ⇒ 8000 {(21/20) (11/10) (23/20) – 1} ⇒ 8000 {(5313/4000) – 1} ⇒ 8000 {(5313 – 4000)/4000} ⇒ (8000 × 1313)/4000 ⇒ 2 × 1313 ∴ 2626 Latest IBPS Clerk Updates Last updated on Sep 21, 2022 IBPS Mains Admit Card has been released on 29th September 2022. The candidates who are qualified in the Prelims are eligible to attend the Mains examination. The Mains exam is going to be held on 8th October 2022. Earlier, the IBPS Clerk Prelims Result was released on 21st September 2022. The selection process for the IBPS Clerk exam consists of two stages - Prelims & Mains exam. A total of 6035 vacancies are available for the process of IBPS Clerk recruitment. The finally appointed candidates will be entitled to a pay scale of INR 11,765 to INR 31,540. Let's discuss the concepts related to Interest and Compound Interest. Explore more from Quantitative Aptitude here. Learn now! Free Indian Post Postman 2020: Full Mock Test 100 Questions 100 Marks 90 Mins Given: Principal = Rs. 8000 Rate = 5% Time = 3 years. Formula used: C.I = P[(1 + R/100)N – 1] Calculation: C.I = P[(1 + R/100)N – 1] ⇒ C.I = 8000[(1 + 5/100)3 – 1] ⇒ C.I = 8000 × [(21/20)3 – 1] ⇒ C.I = 8000 × [(9261 – 8000)/8000] ⇒ C.I = (8000 × 1261/8000) ⇒ C.I = Rs. 1261 ∴ The compound interest is Rs. 1261 Latest India post Postman Updates Last updated on Sep 22, 2022 The Indian Post has started inviting applications for the post of Postman. The recruitment of Indian Post Postman is done region-wise. The official notification for the recruitment is to be released. There is a total vacancy of 59099. The age limit to apply for the post of Indian Post Postman is from 18 to 27 years. Anyone with a qualification of Class 12 or its equivalent is eligible to fill up the application form. The candidates should go through the Indian Post Postman salary and job profile to have a clear idea about the job in detail. Ace your Interest preparations for Compound Interest with us and master Quantitative Aptitude for your exams. Learn today! It is given that Principal = ₹ 8000 Rate of interest = 5% p.a. We know that Interest for the first year = Prt/100 Substituting the values = (8000 × 5 × 1)/ 100 = ₹ 400 So the amount for the first year or principal for the second year = 8000 + 400 = ₹ 8400 Here Interest for the second year = (8400 × 5 × 1)/ 100 So we get = ₹ 420 We know that Amount after the second year = 8400 + 420 = ₹ 8820 Total compound interest = 8820 + 8000 = ₹ 820 It is given that Nội dung chính Show
Nội dung chính
Principal = ₹ 8000 Rate of interest = 5% p.a. We know that Interest for the first year = Prt/100 Substituting the values = (8000 × 5 × 1)/ 100 = ₹ 400 So the amount for the first year or principal for the second year = 8000 + 400 = ₹ 8400 Here Interest for the second year = (8400 × 5 × 1)/ 100 So we get = ₹ 420 We know that Amount after the second year = 8400 + 420 = ₹ 8820 Total compound interest = 8820 + 8000 = ₹ 820 Principal = Rs. 8000 Time = 2 years Rate = 5% for 1st year and 10% for 2nd year \(\begin{array}{l} {\rm{A}} = 8000\left( {1 + \frac{5}{{100}}} \right)\left( {1 + \frac{{10}}{{100}}} \right)\\ \Rightarrow 8000 \times \frac{{21}}{{20}} \times \frac{{11}}{{10}} = {\rm{Rs}}.{\rm{\;}}9240 \end{array}\) C.I = A – P = 9240 – 8000 = Rs. 1240 ∴ Rs. 1240 is the compound interest earned. Download Solution PDF AnswersRelated Find CI on a sum of rupees 8000 for 2 years at 5% per annum compounded annually?
1 Crore+ students have signed up on EduRev. Have you? We have P = Rs 8000, R = 5% p.a., T = 2 years Now, compound interest = A - P = Rs 8820 - Rs 8000 = Rs 820
Related Find CI on a sum of rupees 8000 for 2 years at 5% per annum compounded annually? P = 8000 A = P (1+ R/100)raise to n A = 8000 ( 1+ 5/100) raise to 2 C.I = A - P Therefore C.I =
820
820 is the correct answer
Related Find CI on a sum of rupees 8000 for 2 years at 5% per annum compounded annually? P×r×t upon 100 is the formulae of simple interest .solve it
Question Description Solutions for Find CI on a sum of rupees 8000 for 2 years at 5% per annum compounded annually? in English & in Hindi are available as part of our courses for Class 8. Download more important topics, notes, lectures and mock test series for Class 8 Exam by signing up for free. Here you can find the meaning of Find CI on a sum of rupees 8000 for 2 years at 5% per annum compounded annually? defined & explained in the simplest way possible. Besides giving the explanation of Find CI on a sum of rupees 8000 for 2 years at 5% per annum compounded annually?, a detailed solution for Find CI on a sum of rupees 8000 for 2 years at 5% per annum compounded annually? has been provided alongside types of Find CI on a sum of rupees 8000 for 2 years at 5% per annum compounded annually? theory, EduRev gives you an ample number of questions to practice Find CI on a sum of rupees 8000 for 2 years at 5% per annum compounded annually? tests, examples and also practice Class 8 tests. Related Class 8 ContentTop Courses for Class 8Download free EduRev AppTrack your progress, build streaks, highlight & save important lessons and more! This discussion on Find CI on a sum of rupees 8000 for 2 years at 5% per annum compounded annually? is done on EduRev Study Group by Class 8 Students. The Questions and Answers of Find CI on a sum of rupees 8000 for 2 years at 5% per annum compounded annually? are solved by group of students and teacher of Class 8, which is also the largest student community of Class 8. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for Class 8 on EduRev and even discuss your questions like Find CI on a sum of rupees 8000 for 2 years at 5% per annum compounded annually? over here on EduRev! Apart from being the largest Class 8 community, EduRev has the largest solved Question bank for Class 8. What is the compound interest on a sum of ₹ 8000 for 2 years at 5% per annum compounded annually?8820. Compound Interest = Rs. 820. What will be the compound interest for the sum of Rs 8000 after 2 years at the rate of 5% pa *?⇒C. I=108[1025]=14. 820. Was this answer helpful? In what time Rupees 8000 will amount to rupees 8820 at 5% per annum compounded annually?8820. Hence, it takes 2 years for the amount Rs. 8000 to change to Rs. 8820 when it is compounded at the rate of 5 % annually. What is the compound interest on Rs 8000 /Detailed Solution ∴ Rs. 1240 is the compound interest earned. What would the interest of Rs 8000 at 8% pa after 3 years?18750 after 3 years, compounded annually, the rates of interest being 8% p.a 10% p.a and 12% p.a during the first year, second year and third year respectively. Q. Calculate the amount, if Rs. What is the amount for a sum of money to 8000 at 5% rate of interest CI for 2 years?= Rs 820. Q. Find compound interest on Rs. What is the compound interest of 80000 for 3 years?Compound Interest =Rs. 16096. What will be the compound interest on Rs 8000 at 4% pa for 2 years compounded annually?Detailed Solution. ∴ Rs. 1240 is the compound interest earned. What will be the compound interest on 8000 for 3 years?The correct option is A
18750 after 3 years, compounded annually, the rates of interest being 8% p.a 10% p.a and 12% p.a during the first year, second year and third year respectively.
What is the compound interest on a sum of ₹ 8000 for 2 years at 5% per annum compounded annually?8820. Compound Interest = Rs. 820.
What is the compound interest on 10000 at 5% for 3 years?The answer is 1576.25!!
What would the interest of Rs 8000 at 8% pa after 3 years?And compound interest = Rs. (10648−8000)=2648.
|
What is the compound interest of Rs 8000 for 3 years at the rate of 5% per annum?
zusammenhängende Posts
Urheberrechte © © 2024 membukakan Inc.
