Abhinav invested a certain amount at the rate | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(D) Step $1$: Calculate the Principal $(P)$.Given $SI = Rs. 3800$,$R = 8\%$,and $T = 5$ years.Formula: $SI = \frac{P 	imes R 	imes T}{100}$$3800 = \

Vedclass · Accepted Answer

$1580.8$

Vedclass · Answer

(D) Step $1$: Calculate the Principal $(P)$.Given $SI = Rs. 3800$,$R = 8\%$,and $T = 5$ years.Formula: $SI = \frac{P 	imes R 	imes T}{100}$$3800 = \frac{P 	imes 8 	imes 5}{100}$$3800 = \frac{40P}{100} = 0.4P$$P = \frac{3800}{0.4} = Rs. 9500$.Step $2$: Calculate the Compound Interest $(CI)$ for $2$ years.Formula: $CI = P \left[ \left( 1 + \frac{R}{100} ight)^n - 1 ight]$$CI = 9500 \left[ \left( 1 + \frac{8}{100} ight)^2 - 1 ight]$$CI = 9500 \left[ (1.08)^2 - 1 ight]$$CI = 9500 \left[ 1.1664 - 1 ight]$$CI = 9500 	imes 0.1664 = Rs. 1580.8$.

Abhinav invested a certain amount at the rate of $8$ $p.c.p.a.$ for $5$ years and obtained a $SI$ of $Rs. 3800$. Had he invested the same amount at the same interest rate for $2$ years,how much amount (in $Rs.$) would he have obtained as $CI$ at the end of $2$ years?

Similar Questions

$A$ sum of money lent at compound interest for $2 \, yr$ at $20 \% \, p.a.$ would fetch $Rs. 964$ more,if the interest was payable half-yearly than if it was payable annually. What is the sum (in $Rs.$)?

If the amount is $6 \frac{1}{4}$ times the principal after $2$ years at compound interest,the rate of interest (in $\%$) per annum is

What sum of money (in ₹) at compound interest will amount to ₹ $650$ at the end of the first year and ₹ $676$ at the end of the second year?

If the compound interest on a sum for $2$ years at $12 \frac{1}{2} \%$ per annum is ₹ $510$,the simple interest (in ₹) on the same sum at the same rate for the same period of time is:

What is the difference between $C.I.$ and $S.I.$ on $Rs. 12000$ at $5 \%$ per annum for $2$ years?

Vedclass Test Series

Exam Paper Generator

Online Exam Module