What is the compound interest on Rs 15000 /
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get find the compound interest on rs.15000 at 2% per annum for 3 years, compounded annually. from screen. Calculate the amount and compound interest on(i) Rs 15000 for 2 years at 10Click here👆to get an answer to your question ✍️ Calculate the amount and compound interest on(i) Rs 15000 for 2 years at 10  Question Calculate the amount and compound interest on (i) Rs 15000 for 2 years at 10% per annum compounded annually. Easy Open in App Solution Verified by Toppr Given Principal (P) = Rs 15000 Rate (R) = 10% p.a. Period (n) = 2 years Hence, Amount (A) = P {1 + (R / 100)} n = Rs 15000 {1 + (10 / 100)} 2 On further calculation, we get, = Rs 15000 × (11 / 10) × (11 / 10) We get, = Rs 18150 Therefore, Compound interest = Amount – Principal = Rs 18150 – 15000 We get, = Rs 3150 Was this answer helpful? 67 10 स्रोत : www.toppr.com Calculate the amount and compound interest on i Rs 15000 for 2 years at 10 per annum compounded annu...Free solutions for M L Aggarwal - Understanding ICSE Mathematics - Class 8 Chapter 9 - Simple and Compound Interest Simple and Compound Interest Exercise 8.3 question 1. These explanations are written by Lido teacher so that you easily understand even the most difficult concepts ML Aggarwal Solutions Class 8 Mathematics Solutions for Simple and Compound Interest Exercise 8.3 in Chapter 8 - Simple and Compound InterestQuestion 1 Next Calculate the amount and compound interest on(i) Rs 15000 for 2 years at 10% per annum compounded annually.(ii) Rs 156250 for 1 \frac{1}{2} \text { years } 1 2 1 years years at 8% per annum compounded half-yearly. (iii) Rs 100000 for 9 months at 4% per annum compounded quarterly. Answer: (i) GivenPrincipal (P) = Rs 15000Rate (R) = 10% p.a.Period (n) = 2 yearsHence,Amount (A) = P {1 + (R / 100)}n= Rs 15000 {1 + (10 / 100)}2On further calculation, we get,= Rs 15000 × (11 / 10) × (11 / 10)We get,= Rs 18150Therefore,Compound interest = Amount – Principal= Rs 18150 – 15000We get,= Rs 3150(ii) Principal (P) = Rs 156250Rate (R) = 8% p.a. or 4% half-yearlyPeriod (n) = years= 3 half-yearTherefore,Amount (A) = P {1 + (R / 100)}n= Rs 156250 {1 + (4 / 100)}3On further calculation, we get,= Rs 156250 × (26 / 25)3= Rs 156250 × (26 / 25) × (26 / 25) × (26 / 25)We get,= Rs 175760Hence,Compound interest = Amount – Principal= Rs 175760 – Rs 156250= Rs 19510 Related Questions **Find the difference between the simple interest and compound interest on****Rs 4800 for 2 years at... **Find the compound interest on Rs 3125 for 3 years if the rates of interest for the first, second, ... **Kamla borrowed Rs 26400 from a Bank to buy a scooter at a rate of 15% p.a. compounded yearly. 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Sort Synopsify Information in simpler way.1y You Will Receive ₹ 6,961.5 Rupees Compound Interest on 15000 Rupees at the Rate of 10% Annual Returns. Related questions At a certain interest compound quarterly, P1,000 will amount to P 4,500 inn 15 years, what is the amount at the end of 10years? What will be the compound interest on an amount of Rs. 5,000 for a period of 2 years at 8% p.a.? What is the compound interest on Rs. 2800 for 3/2 years at 10% p.a.? What will be the compound interest on Rs. 4,000 for 4 years at 10% per annum? What principal will amount to Rs. 30,000 in 3 years at 10% p.a. compound interest? Rishika Singh Lived in Stanford, CAAuthor has 197 answers and 74.7K answer views1y The formula to calculate compound interest is A= P( 1+ R/100 )^N A= Amount P= Principal amount R= Rate of interest N=Time (years) Putting your values into the formula A= 15000 (1+10/100 )^4 A= 15000 (110/100 )^4 A= 15000 * 11/10 * 11/10 * 11/10 * 11/10 A= 21961.5 compound interest = A-P =21961.5 - 15000 =6961.5 Sponsored by Morning Brew Join over 4 million tech enthusiasts by reading Morning Brew. We will keep you informed & entertained, for free, on the tech news affecting your world. Harsh Kataria B. Sc B. Ed in Mathematics & Education, University of Delhi (Graduated 2020)Author has 58 answers and 39.4K answer views2y Related What will be the compound interest on an amount of Rs. 5,000 for a period of 2 years at 8% p.a.? A=P(1+r/100) ^t R -8% T 2 years P -5000 A = 5000(1+8/100) ^2 A=5832 Interest is 5832–5000 =832 Rishabh Gupta Studied at Bareilly College, Bareilly4y Related At what percentage rate will Rs. 2,000 amount to 2315.25 in 3 years at compound interest? Ans. 5% Amount = 2315.25 Time = 3 years and principal = 2000 Amount = P(1+ r/100)™ 2315.25 = 2000(1+ r/100)3 2315.25/2000 = (1+r/100)3 9261/8000 = (1+r/100)power 3 Cube root 9261/8000 = 1+ r/100 21/20 = 1 + r/ 100 Now take the l.c.m. of 100 and cross multiply it by 21 2100/20 = 100 + r 105 = 100 + r R = 5% Promoted by Velocity Global How can a US company hire international talent without setting up a foreign entity? Ben Wright CEO/Founder at Velocity Global, LLC (2014–present)Updated Jul 15 Entity establishment is a long and tedious process, which is why U.S. companies want a faster way to engage talent across international borders. Going with a foreign contractor is good for short-term projects or one-off jobs with a clear start and end date. However, each country has its ow (Continue reading) Krishna Pathak Always interested in Maths 5y Related what is the rate of compound interest such that the amount ₹10,000 becomes ₹13,310 in 3 years? Originally Answered: At what rate percent of compound interest on ₹10,000 amounts to become ₹13,310 in 3 years? Srinivasan Finding amount in 2 yrs using formulaAuthor has 4K answers and 3.4M answer views1y Related What is the compound interest on Rs. 1,500 for 2 years at 5%? P(1+ r 100 ) 2 −P=CI P(1+r100)2−P=CI 1500(1+ 5 100 ) 2 −1500=1500( 21 20 ) 2 −1500 1500(1+5100)2−1500=1500(2120)2−1500 =1500( 441 400 )−1500=1653.75=1500=Rs.153.75 =1500(441400)−1500=1653.75=1500=Rs.153.75 Annubhuti Kakkad Studies Bachelor of Business Administration and Bachelor of Law with Honours at Symbiosis Law School, Nagpur (Expected 2024)Author has 227 answers and 1.5M answer views1y Related What is the compound interest on Rs. 8,000 at 10% per annum for 2 years compounded annually? Good Evening! P = Rs. 8000 R = 10% per/annum: into decimal= 10/100 = 0.1 T = 2 years Putting value into the formula, Calculating compound interest for 1st year: A = 8,000 (1 + 0.1/1)(1)(1) A = 8,000 (1 + 0.1)(1) A = 8000 (1 + 0.1) A = 8000 (1.1) A = 8800 The amount at the end of the 1st year is 8800. Now, let's calculate the compound interest of 2nd year: A = 8,800 (1 + 0.1/1)(1)(1) A = 8,800 (1 + 0.1)(1) A = 8800 (1 + 0.1) A = 8800 (1.1) A = 9680 The amount at the end of 2nd year is 9680. Therefore, compound interest = 9680 - 8000 = Rs.1680. Thank You! Eshant Siyal CA from The Institute of Chartered Accountants of India (ICAI)Mar 27 Related What principal will amount to Rs. 30,000 in 3 years at 10% p.a. compound interest? स्रोत : www.quora.com What will be the compound interest on 15000 for 2 years at 10% pa?Detailed Solution Rate of interest = 10% p.a. Rate of interest = 10% p.a. ∴ The amount received after 2 years is Rs. 18150. What is the compound interest of 10% for 3 years?∴ The compound interest is Rs. 3,310. How much will Rs 10000 amount to in 2 years at 10% pa compounded annually?total amount = 10900. What is the compound interest on rupees 10000 at 10% for 3 years?∴ Compound interest = ₹13860 – ₹10000 = ₹3860. What is the compound interest on 15000?Here we will put the values of P, R 1 , R 2 and T in the formula of amount. = ₹17820. Thus, the compound amount is ₹17820.
What is the compound interest on Rs 15000 for 2 years?A = ₹ 18,816. Q. Calculate the amount on ₹ 15,000 in 2 years at 12 % compounded annually.
What will be the compound interest on ₹ 15000 for 2 years at 10% pa?Detailed Solution
Rate of interest = 10% p.a. Rate of interest = 10% p.a. ∴ The amount received after 2 years is Rs. 18150.
What is the simple interest on 15000?Simple Interest = 15000×5×2100 = ₹1500. Q. The sum of money invested at the rate of 5 % p.a simple interest for 10 years becomes ₹3,200 is . Q.
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