MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Rate Compounded Anually or Half-Yearly

Anita takes a...

Question

Anita takes a loan of $R s . 5, 000$ for donating books to the poor, at $15 %$ per year as rate of interest. Find the interest she has to pay at end of three years. What value depicted from this?

Open in App

Solution

$\begin{matrix} p = 5000 R = 15 r T = 3 y e a r s I n t e r e s t = \frac{P R T}{100} = \frac{5000 \times 15 \times 3}{100} = 2250 v a l u e a f t e r 3 y e a r s = 5000 + 2250 = R s .7250 \end{matrix}$

Suggest Corrections

thumbs-up

1

Similar questions

Q. Anita takes a lone of Rs.

5000

15

% per year as rate of interest. Find the amount she has to pay at end of

2

Q. Sunita takes a loan of Rs. 5000 at 12% rate of interest. Find the interest she has to pay at the end of one year.

David takes a loan of Rs 2000 for one year at 12% per year as rate of interest. He has to pay Rs _____ at the end of one year.

Q. Jenn borrowed Rs.

5, 000

5

years and had to pay Rs.

1, 500

simple interest at the end of that time. What rate of interest did she pay?

Q. Rihana took a loan of

R s . 1200

with simple interest for as many years as the rate of interest. If she paid

R s . 432

as interest at the end of the loan period. Find the time period she has take to return the loan.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Rate Compounded Annually and Half Yearly

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Rate Compounded Anually or Half-Yearly

Standard VIII Mathematics

Join BYJU'S Learning Program

CrossIcon