Interest Compounded Annually and Half Yearly
Trending Questions
Q. Rahim borrowed ₹10, 24, 000 from a bank for one year. If the bank charges interest of 5% per annum, compounded half-yearly, what amount will he have to pay after the given time period. Also, find the interest paid by him.
[3 marks]
[3 marks]
Q. In data collected on the birth rate of children in a village, it was found that the birth of children increased by 20% after every 6 months. Calculate the number of children at the end of the year 2018, if the number of children in the year 2015 was 1000.
- 2900
- 3100
- 3400
- 2986
Q. Calculate the compound interest on ₹ 2000 over a period of 1 year at 20% per annum if the interest rate is compounded half yearly.
- ₹ 420
- ₹ 300
- ₹ 100
- ₹ 400
Q. Calculate the amount for ₹ 500 which will accumulate over 2 years 6 months at 30% per annum if the interest rate is compounded half yearly.
- ₹ 1050
- ₹ 1005.68
- ₹ 1006
- ₹ 1123.5
Q. Find the amount of money Vinod will get at the end of 2 years if he invests ₹ 1500 in a bank with an interest rate of 20% compounded half yearly.
- ₹ 2167
- ₹ 3200
- ₹ 2389.20
- ₹ 2196.15
Q.
In compound interest, when the interest is compounded half-yearly, the principal changes every __________.
six months
every year
every month
quarterly
Q. Amit took a loan of ₹ 8000 from the bank for 1 year at an interest rate of 20% per annum. Calculate the amount he has to pay to the bank at the end of this period if the interest rate is compounded quarterly.
- ₹ 9327
- ₹ 8321
- ₹ 9423
- ₹ 9724
Q.
Find the compound interest paid when a sum of ₹64, 000 is invested for one year and six months at 5% per annum compounded half yearly.
₹8545
₹5421
₹4830
₹4921
Q. In compound interest, when the interest is compounded quarterly, then the principal changes after every three months.
- True
- False
Q. What amount will I get at the end of 3 years and 6 months if I invest ₹ 3000 in a bank with an interest rate of 10% compounded half-yearly?
- ₹ 4221.30
- ₹ 4200
- ₹ 6132.50
- ₹ 5230
