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- Calculate the amount and compound interest on[i] Rs 15000 for 2 years at 10
- Calculate the amount and compound interest on i Rs 15000 for 2 years at 10 per annum compounded annu...
- ML Aggarwal Solutions Class 8 Mathematics Solutions for Simple and Compound Interest Exercise 8.3 in Chapter 8 - Simple and Compound Interest
- What is the compound interest on Rs. 15,000 for 4 years at 10% p.a. will amount to?
- What will be the compound interest on 15000 for 2 years at 10% pa?
- What is the compound interest of 10% for 3 years?
- How much will Rs 10000 amount to in 2 years at 10% pa compounded annually?
- What is the compound interest on rupees 10000 at 10% for 3 years?
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 10
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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
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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 Interest
Question 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
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What is the compound interest on Rs. 15,000 for 4 years at 10% p.a. will amount to?
Answer [1 of 2]: 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 compo...
What is the compound interest on Rs. 15,000 for 4 years at 10% p.a. will amount to?
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You Will Receive ₹ 6,961.5 Rupees Compound Interest on 15000 Rupees at the Rate of 10% Annual Returns.
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What principal will amount to Rs. 30,000 in 3 years at 10% p.a. compound interest?
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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
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Harsh Kataria
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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
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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%
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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
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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
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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
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What principal will amount to Rs. 30,000 in 3 years at 10% p.a. compound interest?
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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.