The simple interest accrued on a certain prin | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(D) Step $1$: Calculate the principal amount using the simple interest formula.Simple Interest $(SI) = \frac{P 	imes R 	imes T}{100}$$2000 = \frac{P

Vedclass · Accepted Answer

$816$

Vedclass · Answer

(D) Step $1$: Calculate the principal amount using the simple interest formula.Simple Interest $(SI) = \frac{P 	imes R 	imes T}{100}$$2000 = \frac{P 	imes 4 	imes 5}{100}$$2000 = \frac{20P}{100}$$P = \frac{2000 	imes 100}{20} = ₹ 10,000$Step $2$: Calculate the compound interest $(CI)$ for $2$ years at $4\%$ per annum.$CI = P \left[ \left( 1 + \frac{R}{100} ight)^T - 1 ight]$$CI = 10000 \left[ \left( 1 + \frac{4}{100} ight)^2 - 1 ight]$$CI = 10000 \left[ (1.04)^2 - 1 ight]$$CI = 10000 \left[ 1.0816 - 1 ight]$$CI = 10000 	imes 0.0816 = ₹ 816$

The simple interest accrued on a certain principal is ₹ $2,000$ in five years at the rate of $4$ percent $p.a.$ What would be the compound interest (in ₹) accrued on the same principal at the same rate in two years?

Similar Questions

$A$ sum of money lent at compound interest for $2 \, yr$ at $20 \% \, p.a.$ would fetch $Rs. 964$ more,if the interest was payable half-yearly than if it was payable annually. What is the sum (in $Rs.$)?

The difference between compound and simple interest at a certain rate on $Rs. 2000$ at the end of two years is $Rs. 12.8$. The rate of interest (in $\%$) per annum is:

If the compound interest on a certain sum for $2$ $years$ at $3 \%$ per annum is $Rs. 101.50$,then the simple interest (in $Rs.$) on the same sum at the same rate and for the same time will be:

The difference of compound interest (in ₹) on ₹ $800$ for $1$ year at $20 \%$ per annum when compounded half-yearly and quarterly is:

Sonika invested an amount of ₹ $5800$ for $2$ years. At what rate of compound interest ($\%$ per annum) will she get an amount of ₹ $594.5$ as interest at the end of two years?

Vedclass Test Series

Exam Paper Generator

Online Exam Module