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Formula for CI

Find the comp...

Question

Find the compound interest on Rs. 32000 at $20 %$ per annum for 1 year, compounded half yearly.

A

R s . 6320

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B

R s . 6720

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C

R s . 6400

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D

R s . 6500

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Solution

The correct option is B $R s . 6720$
Solution is B

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Similar questions

Q. Find the amount and the compound interest on Rs. 32000 for 1 year at 20% per annum compounded half-yearly.

Calculate the amount and compound interest on

(a) $R s . 10, 800$ for $3$ years at $12 \frac{1}{2}$ % per annum compounded annually.

(b) $R s . 18, 000$ for $2 \frac{1}{2}$ years at $10$ % per annum compounded annually.

R s . 62, 500

1 \frac{1}{2}

8

% per annum compounded half yearly.

R s . 8, 000

1

9

% per annum compounded half yearly.

R s .10, 000

1

8

% per annum compounded half yearly.

Q. Tick (✓) the correct answer:
The compound interest on Rs 6250 at 8% per annum for 1 year, compounded half yearly, is
(a) Rs 500
(b) Rs 510
(c) Rs 550
(d) Rs 512.50

Q. Find the compounded interest on Rs.

5000

1

8 %

per annum, compounded half-yearly.

Calculate the amount and compound interest on

(a ) $R s 10800$ for $3$ years at $12 \frac{1}{2} %$ per annum compounded annually.

(b) $R s 18000$ for $2 \frac{1}{2}$ years at $10 %$ per annum compounded annually.

(c) $R s . 62500$ for $1 \frac{1}{2}$ years at $8 %$ per annum compounded half yearly.

(d) $R s . 8000$ for $1$ year at $9 %$ per annum compound half yearly.

(You could use the year by year calculation using SI formula to verify)

(e) $R s . 10000$ for $1$ year at $8 %$ per annum compounded half yearly.

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