The Amount received when a sum of Rs.500 is investedat 12% per annum for 2 years, if the interest iscompounded annually is Rs. About the author Ariana
Answer: Rs 1600 Step-by-step explanation: CI=A-P. 164=p(1+R/100) n-p p[(1+R/100)N-1] x[(1+5/100)2-1] x([(105/100)2-1] 164=x((1.05)2-1) x=164/((1.05)2-1) 164/0.1025 = Rs 1600 The the required sum = Rs 1600 Reply
Given details are, Rate = 5 % per annum Compound Interest (CI) = Rs 164 Time (t) = 2 years By using the formula, Let P be ‘x’ CI = A – P 164 = P (1 + R/100) n – P = P [(1 + R/100)n – 1] = x [(1 + 5/100)2 – 1] = x [(105/100)2 – 1] 164 = x ((1.05)2 – 1) x = 164 / ((1.05)2 – 1) = 164/0.1025 = Rs 1600 ∴ The required sum is Rs 1600 Reply
Answer:
Rs 1600
Step-by-step explanation:
CI=A-P.
164=p(1+R/100) n-p
p[(1+R/100)N-1]
x[(1+5/100)2-1]
x([(105/100)2-1]
164=x((1.05)2-1)
x=164/((1.05)2-1)
164/0.1025
= Rs 1600
The the required sum = Rs 1600
Given details are,
Rate = 5 % per annum
Compound Interest (CI) = Rs 164
Time (t) = 2 years
By using the formula,
Let P be ‘x’
CI = A – P
164 = P (1 + R/100) n – P
= P [(1 + R/100)n – 1]
= x [(1 + 5/100)2 – 1]
= x [(105/100)2 – 1]
164 = x ((1.05)2 – 1)
x = 164 / ((1.05)2 – 1)
= 164/0.1025
= Rs 1600
∴ The required sum is Rs 1600