How much will Rs 25000 amount to in 2 years at compound interest, if the rates for 1st and 2nd years be 4% and 5% p.a. respectively? Show
SolutionHere P = Rs.25000, t = 2 years, r = 4%, 5% successively. = `25000(1 + 4/100)(1 + 5/100)` = `25000(104/100)(105/100)` Concept: Concept of Compound Interest - Use of Compound Interest in Computing Amount Over a Period of 2 Or 3-years Is there an error in this question or solution? APPEARS INCorrect Option: CLet the rate percent per annum be r. Nội dung chính Show
Principal = Rs. 2304, Amount = Rs. 2500 Time = 2 years, Let Rate % = R % By using formula, \( \Large 2500=2304 \left(1+\frac{R}{100}\right)^{2}\) \( \Large \frac{2500}{2304}= \left(1+\frac{R}{100}\right)^{2}\) \( \Large \frac{625}{576}= \left(1+\frac{R}{100}\right)^{2}\) \( \Large\left(\frac{25}{24}\right)^{2} = \left(1+\frac{R}{100}\right)^{2}\) By taking square root of both sides, \( \Large \frac{25}{24}= 1+\frac{R}{100} \) \( \Large \frac{R}{100}=\frac{25}{24}-1 \) \( \Large R=\frac{100}{24}=\frac{25}{6} \% \) Rate = \( \Large 4\frac{1}{6} \) %
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What is the compound interest on rupees 2500 for 2 years at rate of interest for percent per annum?Detailed Solution
2,500 in 2 years and Rs. 3,000 in 3 years at certain rate of compound interest. ⇒ R = 20% p.a. ∴ Rate of interest is 20% p.a..
At what rate percent will 2000 amount to 2315 25 in 3 years at compound interest?At what rate percent will ₹ 2000 amount to ₹ 2315.25 in 3 years at compound interest? Hence, the rate of interest is 5% p.a.
At what rate percent per annum compound interest will 5000 amount to 5832 in 2 years?Hence rate = 8%
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At what rate percent per annum will rupees 2304 amount to rupees 25000 in 2 years at compound interest?
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