MyQuestionIcon

1

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

Formula for CI

Find the CI...

Question

Find the $C I$ on $R s .30, 000$ at $12 % p . a .$ for $2$ years.

Open in App

Solution

Amount with CI
$= 30, 000 {(1 + \frac{12}{100})}^{2}$
$= 37632 R s$
Therefore
$C . I = 37632 - 30000$
$= R s . 7632$

Suggest Corrections

thumbs-up

0

Similar questions

Q. Find the difference between CI and SI on Rs.

32, 000

12 %

3

C I

R s . 7000

10 % p . a

compounded annually for

4

Q. Find the CI on Rs.

2000

15

%

5

years when interest is compounded half-yearly.

Q. The difference between

C I

S I

for 2 years on the same sum at

5

240

. Find the sum.

Q. The difference between CI and SI on a certain sum for

2

7.5 %

360

. Find the sum.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Deducing a Formula for Compound Interest concept video

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Standard VIII Mathematics

Join BYJU'S Learning Program

CrossIcon