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Understanding Compound Interest Using Simple Interest (Rate Compounded Annually)

The formula f...

Question

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

A

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B

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C

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D

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Solution

The correct option is D

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Question 32

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

A = p (1 + r)^{t}

A

is the total amount after

t

P

is the principal,

t

is the time in years ,

r

is the rate of interest compounded annually. Sheetal saves

5, 000 i n a s a v i n g a c c o u n t w h i c h g i v e s

2$ % interest compounded annually. Calculate interest sheetal will get after four years.Express your answer to the nearest whole number.

Q. Fill in the blanks:
(i)

A = P {(1 + \frac{. . . . . . . .}{100})}^{n} .

(ii) (Amount) - (Principal) = .........
(iii) If the value of a machine is Rs P and it depreciates at R% per annum, then its value after 2 years is .........
(iv) If the population P of a town increases at R% per annum, then its population after 5 years is .........

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 $(1 + \frac{R}{100})$

Q. Solve for A:

A = P {(1 + \frac{R}{100})}^{n}

P = 4000

R = 7.5

n = 2

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Understanding Compound Interest Using Simple Interest (Rate Compounded Annually)

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