If the compound interest on a certain sum for | vedclass

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

Question

Let the sum be Rs. P. By the Formula

$\Rightarrow CI = P \left[\left(1+\frac{ r }{100}\right)^{ t }-1\right] \Rightarrow 101.50= P \left[\left(1+\f

Vedclass · Accepted Answer

$100.00$

Vedclass · Answer

Let the sum be Rs. P. By the Formula

$\Rightarrow CI = P \left[\left(1+\frac{ r }{100}ight)^{ t }-1ight] \Rightarrow 101.50= P \left[\left(1+\frac{3}{100}ight)^{2}-1ight]$

$\Rightarrow 101.50= P \left[\left(\frac{103}{100}ight)^{2}-1ight] \Rightarrow 101.50= P \left(\frac{10609-10000}{10000}ight)$

$\Rightarrow P=\frac{101.50 	imes 10000}{609}=R s . \frac{1015000}{609}$

$	herefore \quad SI =\frac{1015000 	imes 2 	imes 3}{609 	imes 100}= Rs .100$

If the compound interest on a certain sum for $2$ $years$ at $3 \%$ per annum is $Rs. 101.50$ , then the simple interest (In $Rs.$) on the same sum at the same rate and for the same time will be

Similar Questions

What would be the compound interest (In ₹) accrued on an amount of ₹ $7,400$ @ $13.5$ $p.c.p.a.$ at the end of two years? (rounded off to two digits after decimal)

Aditya invest $Rs. 50,000$ in a fixed deposit at $10 \%$ $C.I.$ for $2$ years. At the end of $2$ years she put the money in another deposit at $12 \%$ $S.I.$ for $3$ years. What was the final value (In $Rs.$) of the initial Investment?

If the ratio of $C.I. \& S.I.$ interest for the same principal and rate of interest for $2$ years is $1.2,$ find the rate of interest (In $\%$)

What will be the compound interest (In ₹) on a sum of ₹ $50000$ after $4$ years at the rate of $10 \%$ per annum?

What annual payment (In ₹) will discharge a debt of ₹ $1025$ due in $2$ years at the rate of $5 \%$ compound interest?