What is the compound interest on rupees 2500 for 2 years at the rate of 4 per annum?
ML Aggarwal Solutions Class 9 Mathematics Solutions for Compound Interest Exercise 2.2 in Chapter 2 - Compound InterestQuestion 7 Compound Interest Exercise 2.2 Show
Find the difference between the simple interest and compound interest on 2 years at 4% per annum, compound interest being reckoned semi-annually. Answer: It is given that Principal (P) = ₹ 2500 Rate of interest (r) = 4% p.a. or 2% half-yearly Period (n) = 2 years or 4 half-years We know that SI = Prt/100 Substituting the values = (2500 × 4 × 2)/100 = ₹ 200 If compounded semi-annually \begin{aligned} &\mathrm{A}=\mathrm{P}(1+\mathrm{r} / 100)^{\mathrm{n}}\\ &\text { Substituting the values }\\ &=2500(1+2 / 100)^{4} \end{aligned} By further calculation = 2500 × 51/50 × 51/50 × 51/50 × 51/50 = ₹ 2706.08 We know that CI = A – P Substituting the values = 2706.08 – 2500 = ₹ 206.08 So the difference between CI and SI = 206.08 – 200 = ₹ 6.08
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What is the compound interest on Rs 5000 for 2 years at rate of interest 4% per annum?[Solved] The compound interest on Rs. 5000 at 4% per annum is Rs. 408.
What is the compound interest on Rs 2500 for 2 years at rate of interest 10% per annum?=3025–2500=₹525.
What is the amount and the compound interest on 2500 for 2 years at 10% per annum compounded annually?Expert-Verified Answer
so amount = 3025 rs. = 3025 rs.
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