Home
Class 8
MATHS
Find the amount and the C.I. on Rs. 8,00...

Find the amount and the C.I. on Rs. 8,000 in `1""1/2` years at 20% per year compounded half-yearly.

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem of finding the amount and the compound interest (C.I.) on Rs. 8,000 in 1.5 years at a rate of 20% per annum compounded half-yearly, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the Given Values:** - Principal (P) = Rs. 8,000 - Rate of interest (R) = 20% per annum - Time (T) = 1.5 years 2. **Convert the Rate and Time for Half-Yearly Compounding:** - Since the interest is compounded half-yearly, we need to divide the annual rate by 2: \[ r = \frac{R}{2} = \frac{20}{2} = 10\% \] - The time period in half-years (n) is: \[ n = 2 \times T = 2 \times 1.5 = 3 \text{ half-years} \] 3. **Apply the Compound Interest Formula:** - The formula for the amount (A) when compounded is: \[ A = P \left(1 + \frac{r}{100}\right)^n \] - Substitute the values into the formula: \[ A = 8000 \left(1 + \frac{10}{100}\right)^3 \] - Simplifying inside the brackets: \[ A = 8000 \left(1 + 0.1\right)^3 = 8000 \left(1.1\right)^3 \] 4. **Calculate \( (1.1)^3 \):** - Calculate \( (1.1)^3 \): \[ (1.1)^3 = 1.1 \times 1.1 \times 1.1 = 1.331 \] - Now substitute this back into the amount formula: \[ A = 8000 \times 1.331 = 10648 \] 5. **Find the Compound Interest (C.I.):** - The formula for compound interest is: \[ \text{C.I.} = A - P \] - Substitute the values: \[ \text{C.I.} = 10648 - 8000 = 2648 \] ### Final Results: - Amount (A) = Rs. 10,648 - Compound Interest (C.I.) = Rs. 2,648
Promotional Banner

Topper's Solved these Questions

  • INTEREST (SIMPLE AND COMPOUND)

    ICSE|Exercise EXERCISE 9(B)|10 Videos
  • IDENTITIES

    ICSE|Exercise EXERCISE 12(D)|49 Videos
  • LINEAR EQUATIONS IN ONE VARIABLE

    ICSE|Exercise EXERCISE 14(C )|23 Videos

Similar Questions

Explore conceptually related problems

Find the amount and the compound interest on Rs. 8,000 in 1""1/2 years at 10% per year compounded half-yearly.

Find the amount and C.I. on Rs. 12,000 in one year at 10% per annum compounded half-yearly.

Find the amount and the compound interest on Rs. 20,000 for 1""1/2 years at 10% per annum compounded half-yearly.

Calculate the compound interest on Rs 4,000 in 1(1)/(2) years at 10 % per annum compounded half-yearly.

Find the amount and the compound interest on Rs. 32,000 for 1 year at 20% per annum compounded half-yearly.

Calculate the amount and the compound interest on Rs. 8,000 for 1 year at 10% per annum compounded half-yearly.

Find the amount and the compound interest on Rs 10,000 for (1) 1/2 years at 10% per annum, compounded half yearly.

Find the amount and the compound interest on Rs 8000 for years at 10% per annum, compounded half-yearly.

Find the amount and the compound interest on Rs. 24,000 for 2 years at 10% per annum compounded yearly.

Compute the compounded interest on Rs 12000 for 2 years at 20% per annum when compounded half-yearly.

ICSE-INTEREST (SIMPLE AND COMPOUND)-EXERCISE 9(C)
  1. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

    Text Solution

    |

  2. A person invests Rs. 5,000 for two years at a certain rate of interest...

    Text Solution

    |

  3. Calculate the difference between the compound interest and the simple ...

    Text Solution

    |

  4. Calculate the difference between the compound interest and the simple ...

    Text Solution

    |

  5. Rohit borrowed Rs. 40,000 for 2 years at 10% per annum C.I. and Manish...

    Text Solution

    |

  6. Mr. Sharma lends Rs. 24,000 at 13% p.a. simple interest and an equal s...

    Text Solution

    |

  7. Peter borrows Rs. 12,000 for 2 years at 10% p.a. compound interest. He...

    Text Solution

    |

  8. Peter borrows Rs. 12,000 for 2 years at 10% p.a. compound interest. He...

    Text Solution

    |

  9. Peter borrows Rs. 12,000 for 2 years at 10% p.a. compound interest. He...

    Text Solution

    |

  10. Peter borrows Rs. 12,000 for 2 years at 10% p.a. compound interest. He...

    Text Solution

    |

  11. Gautam takes a loan of Rs. 16,000 for 2 years at 15% p.a. compound int...

    Text Solution

    |

  12. A certain sum of money, invested for 5 years at 8% p.a. simple interes...

    Text Solution

    |

  13. Find the amount and C.I. on Rs. 12,000 in one year at 10% per annum co...

    Text Solution

    |

  14. Find the amount and the C.I. on Rs. 8,000 in 1""1/2 years at 20% per y...

    Text Solution

    |

  15. Find the amount and the compound interest on Rs. 24,000 for 2 years at...

    Text Solution

    |

  16. Find the amount and the compound interest on Rs. 16,000 for 3 years at...

    Text Solution

    |

  17. Find the amount and the compound interest on Rs. 20,000 for 1""1/2 yea...

    Text Solution

    |

  18. Find the amount and the compound interest on Rs. 32,000 for 1 year at ...

    Text Solution

    |

  19. Find the amount and the compound interest on Rs. 4,000 in 2 years, if ...

    Text Solution

    |

  20. Find the amount and the compound interest on Rs. 10,000 in 3 years, if...

    Text Solution

    |