Home
Class 8
MATHS
Formula 1 Let P be the principal and the...

Formula 1 Let P be the principal and the rate of interest be `R%` per annum. If the interest is compounded annually then the amount A and the compound interest C.I. at the end of n years are given by `A=P(1+R/100)^n and C.I. = A-P=P{(1+R/100)^n-1}` respectively.

Text Solution

AI Generated Solution

Promotional Banner

Similar Questions

Explore conceptually related problems

Formula 2 Let P be the principal and the rate of interest be R% per annum.If the interest is compounded annually then the amount A and the compound interest C.I.at the end of n years are given by A=P(1+(R)/(100k))^(nk) and C.I.A-P=P{((1_(R))/(100k))^(nk)-1} respectively

Find the compound interest on Rs 5000 at 10% per annum for 1 year, interest compounded annually?

Let P be the principal and the rate of interest be R_1 % for first year R_2 % for second year R_3 % for third year and so on and in the last R_n % for the nth year. Then the amount A and the compound interest C.I. at the end of n years are given by A=P(1+R_1/100) (1+ R_2/100) ...... (1+ R_n/100) and C.I. =A-P respectively.

Farheen borrowed a sum of Rs 18,000 at the rate of 20% per annum, interest compounded semi-annually. Find the amount and compound interest for a period of 1(1/2) years.

A sum of ₹4500 is lent at compound interest. If the rate of interest is 10% per annum (interest is compounded annually), then what will be the amount after 3 years?

What is the compound interest on an amount of ₹ 4800 at the rate of 6 per cent p.a. at the end of 2 years?