Ask a Doubt
Request a call back

Join NOW to get access to exclusive study material for best results

CBSE Class 8 Answered

What sum of money will amount to ₹ 3630 in two years at 10% per annum compound interest?
Asked by jackalamassery | 05 Jan, 2016, 09:21: PM
answered-by-expert Expert Answer
Let space Rs. space straight x space be space the space principle space amount. straight A space equals straight P open square brackets 1 plus straight r over straight n close square brackets to the power of nt Where space straight A equals space Amount straight P space equals space Principal straight r space equals Raate space of space interest straight n space equals space number space of space times space interest space is space compounded space per space year straight t space equals space tenure space of space the space compound space interest space space straight A space equals straight P open square brackets 1 plus straight r over straight n close square brackets to the power of nt 3630 space equals straight x open square brackets 1 plus 10 over 100 close square brackets squared straight x equals open square brackets 100 over 110 close square brackets squared cross times 3630 straight x equals Rs. space 3000 The space sum space of space Rs. space 3000 space will space amount space Rs. space 3630 space in space two space years space at space 10 percent sign space per space annum space compound space interest.
Answered by Vijaykumar Wani | 06 Jan, 2016, 10:54: AM

Application Videos

Concept Videos

Multiple Choice Questions Practice Test
Answered Unanswered My Questions My Answers
CBSE 8 - Maths
find the compound interest after 4 years if the interest compounded annually . whose principal is ₹6250 and rate of interest is 20%.
Asked by swainradhamohan19 | 26 Feb, 2024, 10:03: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 8 - Maths
The difference in CI and SI for 2 year on a sum of money is Rupees 250 If the sum is Rupees 6250 then find the rate percent
Asked by makolegupta | 27 Dec, 2023, 08:02: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 8 - Maths
give me
question image
Asked by sohanbiswas692 | 23 Nov, 2023, 03:54: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 8 - Maths
Rs. 10240 for 3years at 12 1/2%p.a compounded annually
Asked by bhuwanchandsharma476 | 09 Nov, 2023, 09:15: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 8 - Maths
Rs. 10240 for 3years 12 2/2%p.a compounded annually
Asked by bhuwanchandsharma476 | 09 Nov, 2023, 09:14: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 8 - Maths
Deepak borrowed rupees 18000 from his friend at the rate of 4% per annum simple interest for 2 years he learnt it to Sanjay at the same rate but compound annually find his gain after 2 years
Asked by singharchna060 | 01 Nov, 2023, 03:25: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 8 - Maths
formula for CI
Asked by subhash6401 | 10 Sep, 2023, 06:27: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 8 - Maths
A sum of money is invested at a compound interest for 9 months at 20 percent per annum compounded semi annually. If the interest were compounded quarterly, it would have fetched rs 210 more than in the previous case. Find the sum
Asked by GJain7394 | 20 Sep, 2022, 02:44: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 8 - Maths
Ramen took a loan of 130000 from a finance company at the rate of 10 p.a. for 15 months to purchase a motor cycle .How much amount will he pay if the interest is calculated compounded quarterly ?
Asked by jeetabhi0012 | 25 Oct, 2021, 10:15: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 8 - Maths
in how many years will Rs.882 amount to Rs.1100 at 5% per annum compounded annually
Asked by sohamosjsj05 | 20 Sep, 2021, 10:18: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
My Class Videos Tests ₹ Plans Ask a Doubt
Get Latest Study Material for Academic year 24-25 Click here
×