Q13 of 89 Page 14

Find the amount that David would receive if he invests Rs. 8192 for 18 months at 12c% per annum, the interest being compounded half-yearly.

Given,


Principal = Rs.8192


Rate = 12% p.a =


Time = 18 months = years =


Hence,


Amount = =


=


So,


David receives Rs.9826 after 18 months


More from this chapter

All 89 →
11

Rakesh lent out Rs. 10000 for 2 years at 20% per annum, compounded annually. How much more he could earn if the interest be compounded half-yearly?

 12

Romesh borrowed a sum of Rs. 245760 at 12.5% per annum, compounded annually. On the same day, he lent out his money to Ramu at the same rate of interest, but compounded semi-annually. Find his gain after 2 years.

 14

Find the compound interest on Rs. 15625 for 9 months, at 16% per annum, compounded quarterly.

 15

Rekha deposited Rs. 16000 in a foreign bank which pays interest at the rate of 20% per annum compounded wuarterly, find the interest received by Rekha after one year