A sum is taken for two years at $16 %$ p.a. If interest is compounded after every three months, the number of times for which interest is charged in two years is:

8

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4

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6

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9

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Solution

The correct option is A $8$
The correct answer is option (a).
We know that, the rate of interest is considered after every three months.
In the same way, the time period for amount in a year will four times.
If amount is taken for $2$ year, then $4 \times 2 = 8$ times charged in two year.

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Question 15

A sum is taken for two years at 16% per annum. If interest is compounded after every three months, the number of times for which interest is charged in 2 yrs is
(a) 8
(b) 4
(c) 6
(d) 9

Question 15

A sum is taken for two years at 16% per annum. If interest is compounded after every three months, the number of times for which interest is charged in 2 yrs is
(a) 8
(b) 4
(c) 6
(d) 9

A certain sum of money ,invested for 4 years at 8 % p.a. simple interest ,earns an interest of ₹ 10,000. Find

(a) the sum of money

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(i) the sum of money
(ii) the compound interest earned by this money in two years and at 10% p.a. compound interest.

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A sum is taken for two years at 16% p.a. If interest is compounded after every three months, the number of times for which interest is charged in two years is:

The correct option is A 8The correct answer is option (a).We know that, the rate of interest is considered after every three months.In the same way, the time period for amount in a year will four times.If amount is taken for 2 year, then 4×2=8 times charged in two year.

A sum is taken for two years at $16 %$ p.a. If interest is compounded after every three months, the number of times for which interest is charged in two years is:

The correct option is A $8$
The correct answer is option (a).
We know that, the rate of interest is considered after every three months.
In the same way, the time period for amount in a year will four times.
If amount is taken for $2$ year, then $4 \times 2 = 8$ times charged in two year.