Sonika invested an amount of ₹ 5800 for 2 yea | vedclass

Name: PDF Generator App | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(a) $594.5=5800\left[\left(1+\frac{r}{100}\right)^{2}-1\right]$

$\frac{594.5}{5800}=\left(1+\frac{r}{100}\right)^{2}-1$

$0.1025+1=\left(1+\frac{

Vedclass · Accepted Answer

$5$

Vedclass · Answer

(a) $594.5=5800\left[\left(1+\frac{r}{100}ight)^{2}-1ight]$

$\frac{594.5}{5800}=\left(1+\frac{r}{100}ight)^{2}-1$

$0.1025+1=\left(1+\frac{r}{100}ight)^{2}$

$1.1025=\frac{(100+r)^{2}}{10000}$

$1.1025 	imes 10000=(100+r)^{2}$

$11025=(100+r)^{2}$

$(105)^{2}=(100+r)^{2}$

$105=100+r$

$r=5 \%$

Sonika invested an amount of ₹ $5800$ for $2$ years. At what rate of compound interest ($\%$ $per$ $annum$) will she get an amount of ₹ $594.5$ at the end of two years?

Similar Questions

Abhinav invested a certain amount at the rate of $8$ $p.c.p.a.$ for $5$ years and obtained a $SI$ of $Rs. 3800.$ Had he invested the same amount at the same interest for $2$ years, how much amount (In $Rs.$) would she have obtained as $CI$ at the end of $2$ years?

What will be $C.I.$ (In $Rs.$) on an amount of $Rs. 10000$ at the rate of $20$ $p.c.p.a.$ in two years if the interest rate is compounded half yearly?

The compound interest (In ₹) on ₹ $800$ in $2 \frac{1}{2}$ years at $5 \%$ is

A certain sum of money (In $Rs.$) gives $Rs. 500$ at $5 \%$ S.I. for 1 year. What is the $C.I.$ at the same rate at the end of $2$ years?

$B$ borrow ₹ $5,000$ from $A$ at $6 \%$ p.a. simple interest and lends it to $C$ at compound interest of $10 \%$ p.a. If $B$ collects the money back from $C$ after $2$ years and repays $A ,$ the profit made by $B$ in the transaction is (In ₹)