What will be C.I. (In Rs. ) on an amount of Rs. 10000 at rate of 20 p.c.p.a. in two years if interes

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6.Interest

medium

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?

$4525$

$4232$

$4641$

$4461$

Solution

Here, the amount is compounded half-yearly

Hence, Rate $=\frac{ R }{2} \%=10 \%$ per annum

Time $=2 T =2 \times 2=4$ years

$\Rightarrow \begin{aligned} CI &= P \left[\left(1+\frac{ R }{100}\right)^{ n }-1\right] \\ &=10000\left[\left(1+\frac{10}{100}\right)^{4}-1\right]= Rs .4641 \end{aligned}$

Standard 13

Quantitative Aptitude

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hard

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easy

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medium

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?

Solution

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