If the compound interest on a sum for 2 years | vedclass

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

Question

Let the principal amount be $P$.

$	herefore \quad P\left[\left(1+\frac{12(1 / 2)}{100}ight)^{2}-1ight]=₹ 510$

i.e. $\quad P\left[\left(1+\f

Vedclass · Accepted Answer

$480$

Vedclass · Answer

Let the principal amount be $P$.

$	herefore \quad P\left[\left(1+\frac{12(1 / 2)}{100}ight)^{2}-1ight]=₹ 510$

i.e. $\quad P\left[\left(1+\frac{1}{8}ight)^{2}-1ight]=510$

i.e. $P\left[\left(\frac{9}{8}ight)^{2}-1ight]=510$

Or $P=\frac{510 	imes(8)^{2}}{(9)^{2}-(8)^{2}}=\frac{510 	imes(8)^{2}}{(9+8) 	imes 1}=30 	imes 64=₹ 1920$

$	herefore \quad$ S.I. $=1920 	imes 2 	imes \frac{25}{200}=₹ 480$

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.

Similar Questions

The difference between $C.I.$ & $S.I.$ on $Rs. 700$ in $2$ years at $5 \%$ per annum is (In $Rs.$)

Which information given below is sufficient to know the amount if the difference between the $C.I. \& S.I.$ for $2$ years is $18$?

($I$) The rate is same at which an amount of $Rs. 1000$ become $1120$ for $2$ years in $S.I.$

($II$) The principal given is $Rs. 2000$.

Sita deposited $Rs. 5000$ at $10 \%$ simple interest for $2$ years. How much more money (In $Rs.$) will Sita have in her account at the end of $2$ years, if it is compounded semi-annually?

A man borrows money at $3 \%$ per annum interest payable yearly and lend it immediately at $5 \%$ interest (compound) payable half-yearly and thereby gains ₹ $330$ at the end of the year. The sum borrowed (In ₹) is

There is $60 \%$ increase in an amount in $6$ $years$ at simple interest. What will be the compound interest (In ₹) of ₹ $12000$ after $3$ years at the same rate?