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Find CI on Rs. 12600 for 2 years at 10% per annum compounded annually. Advertisement Remove all ads SolutionWe have, A = P`(1 + R/100)^n`, where Principal (P) = ₹ 12600, Rate (R) = 10, Number of years (n) = 2 = ₹ 12600`(1 + 10/100)^2` = ₹ 12600`(11/10)^2` = ₹ `12600 xx 11/10 xx 11/10` = ₹ 15246. CI = A - P = ₹ 15246 - ₹ 12600 = ₹ 2646. Concept: Deducing a Formula for Compound Interest Is there an error in this question or solution? Advertisement Remove all ads Video TutorialsVIEW ALL [1]
Advertisement Remove all ads Example 11 - Chapter 8 Class 8 Comparing QuantitiesLast updated at Nov. 12, 2018 by
Support Teachoo in making more (and better content) - Monthly, 6 monthly, yearly packs available! TranscriptExample 11 Find CI on Rs 12600 for 2 years at 10% per annum compounded annually.Given, Principal (P) = 12600 Time = 2 Years Rate (R) = 10% per annum We use the formula A = P ("1 + " 𝑟/100)^𝑛 where A = Amount after n years A = 12600 ("1 + " 10/100)^2 = 12600 ("1 + " 1/10)^2 = 12600 ((10 + 1)/10)^2 = 12600 (11/10)^2 = 12600 (11/10)^2 = 12600 × 121/100 = 126 × 121 = 15246 ∴ Amount after 2 years = Rs 15,246 Now, Amount = Principal + Interest 15246 = 12600 + Interest 15246 – 12600 = Interest 2646 = Interest Interest = 2646 ∴ Compound Interest = Rs 2,646 Find the CI on Rs 12,600 for 2 years at 10% per annum compounded annually.Answer Verified Hint:This is a problem related to Compound Interest (CI). To find out the CI, principal amount, rate of interest and number of years for which the interest to be calculated have been given in the problem. Put these values in the standard formula to calculate CI. The standard formula to calculate final amount is as $A = P{(1 + \dfrac{R}{{100}})^n}$ Complete step-by-step answer: Note:Interest to the principal amount is of two types. What will be the compound interest on Rs 12600 for 2 years at 10% per annum compounded annually?Complete step-by-step answer:
Thus, the answer to the question, the Interest Compound CI is Rs 2,646.
What is the compound interest in ₹ on a sum of ₹ 12600 for 11 2 years at 20% per annum if the interest is compounded half yearly?∴ The compound interest incurred is Rs. 4171.
How do I calculate my CI for 2 years?Given:. Formula Used:. C.I = P[{1 + (R/100)}T - 1]. Calculation:. C.I = 5000[{1 + (20/100)}2 - 1]. ⇒ 5000[{1 + (1/5)}2 - 1]. ⇒ 5000[(6/5)2 - 1]. ∴ The compound interest is Rs. 2200.. What is the difference between the compound interest on Rs 5000 for 1.5 years at 4?5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly? = Rs. 5304.
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