Vasudevan invested Rs 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get
(i) after 6 months?
(ii) after 1 year?
Answered Feb 05, 2023
Solution: Amount = 60000+60000 x 6%=60000+3600=63600
Solution: Amount = 63600+63600 6% = 63600+3816=67416
The extra amount payable would be interest on the first year’s interest 1st year’s interest = 12000 x 6%=720 Interest on 720 = 720 x 6%=43.20 Extra amount payable = Rs. 43.20
(c) Sum received by each person = Rs. (198011/47) = Rs. 4213
(d) Amount received by each person =Rs. 50176/32= 1568
(d) Amount received by each person 172850/25 = Rs.6914
(a) Required amount = 41910/22 = Rs.1905
(d) Amount received by each person = 72128/46= 1568
(a) Amount received by each person = 123098/61 = Rs.2018
The correct answer is b. 200
(b) Simple Interest = P×R×T / 100 = 31400 x 8 x 12 / 100 = Rs 30144 Therefor Required amount = Rs (31400 + 30144) = Rs 61544
(c) Let the required time = t years Simple interest = (11442 – 9535) = Rs 1907 Simple = P × T × R / 100 1907 = 9535 x 4 x t...
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