CameraIcon

SearchIcon

MyQuestionIcon

1

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

Compound Interest

Question 58Th...

Question

Question 58

The compound interest on a sum of Rs P for T years at R% per annum compounded annually is given by the formula P $(1 + \frac{R}{100})$

Open in App

Solution

False
The compound interest on a sum of Rs P for T years at R% per annum compounded annually is given by the formula,
Compound interest = A - P
where, $A = P {(1 + \frac{R}{100})}^{r}$

Suggest Corrections

thumbs-up

0

Similar questions

Question 32

When principal P is compounded semi-annually at r% per annum for t years, then amount = ___

Question 64

In questions 60 to 79, state whether the statements are True or False.
The simple interest on a sum of Rs. P for T yr at R % per annum is given by the formula
Simple Interest $= \frac{T \times P \times R}{100}$

Q. Calculate the amount and compound interest on
(a)

R s 10, 800

3

12 \frac{1}{2}

% per annum compounded annually.
(b)

R s 18, 000

2 \frac{1}{2}

10

% per annum compounded annually.
(c)

R s 62, 500

1 \frac{1}{2}

8

% per annum compounded annually.
(d)

R s 8, 000

1

9

% per annum compounded annually.
(e)

R s 10, 000

1

8

% per annum compounded annually.

Q. By using the formula, find the amount and compound interest on Rs.

6000

2

9 %

per annum compounded annually.

The formula for amount A when the principal P is compounded annually at r% per year for t years is ______ .

View More

Join BYJU'S Learning Program

explore_more_icon

Explore more

Compound Interest

Standard VIII Mathematics

Join BYJU'S Learning Program

CrossIcon