Home
Class 8
MATHS
If P is the principal, R is the rate of ...

If P is the principal, R is the rate of interest per annum and n is the time period, find the amount at the end of the nth year if the interest is compounded yearly.

Text Solution

Verified by Experts

The correct Answer is:
`A=P(1+R/(100))^(n)`
Promotional Banner

Topper's Solved these Questions

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise Short Answer Type Questions|15 Videos

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise Essay Type Questions|5 Videos

  • SIMPLE INTEREST AND COMPOUND INTEREST

    PEARSON IIT JEE FOUNDATION|Exercise EXAMPLE 9.21|1 Videos

  • SETS

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION (LEVEL 3) |8 Videos

  • SQUARES AND SQUARE ROOTS AND CUBES AND CUBE ROOTS

    PEARSON IIT JEE FOUNDATION|Exercise Level 3|7 Videos

Similar Questions

Explore conceptually related problems

The simple interest on a sum of money is (4)/(9) times the principal and the rate of interest per annum is numerically equal to the number of years. Find the rate of interest per annum.

If P=Rs. 6000 and R=5% per annum, find the amount in 1 year interest compounded half yearly.

Mr. Duggal invested 20000 with rate of interest "@" 20% per annum. The interest was compounded half-yearly for the first 1year and in the next year it was compounded yearly. What will be the total interest earned at the end of 2 years?

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

What sum will amount to Rs 6760 at 8% per annum in I year when the interest is compounded half yearly?

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

If the rate of interest is 10% per annum and is compound half-yearly. then the principle of ₹400 in 3/2 years will amount to

Find the compound interest on ₹ 5000 for one year at 4% per annum, the interest being compound half yearly

PEARSON IIT JEE FOUNDATION-SIMPLE INTEREST AND COMPOUND INTEREST -Very Short Answer Type Questions
  1. A person borrowed Rs. 100 at the rate of 10% per annum, compounded ann...

    Text Solution

    |

  2. A' provides loan at the rate of 7% per annum, simple interest and 'B' ...

    Text Solution

    |

  3. The time period after which interest is added each time to form a new ...

    Text Solution

    |

  4. Bank A provides loan at 5% per annum at simple interest and Bank B pro...

    Text Solution

    |

  5. If P is the principal, R is the rate of interest per annum and n is th...

    Text Solution

    |

  6. A certain sum becomes Rs. 2400 in 10 years at the rate of 2% per annum...

    Text Solution

    |

  7. A certain sum amounts to Rs. 320 at 6% per anuum simple interest and t...

    Text Solution

    |

  8. If P = Rs. 2500, R=20% per annum, then in what time will it amount to ...

    Text Solution

    |

  9. A certain sum amounts to Rs. 4800 in 4 years and to Rs. 5250 in 5 year...

    Text Solution

    |

  10. In how many years, will Rs. 2200 amount to Rs. 2266 when money is borr...

    Text Solution

    |

  11. If P=Rs. 5550 and R=12% per annum simple interest. In what time will i...

    Text Solution

    |

  12. The amount and compound interest on Rs. 2500 for 2years at 10% per an...

    Text Solution

    |

  13. Given Rs. 5 becomes Rs. 25 at the rate of 8% per annum simple interest...

    Text Solution

    |

  14. Determine the rate of inerest for a sum that becomes (343)/(216) times...

    Text Solution

    |

  15. Find the simple interest on Rs. 3250 at 5% per annum for the period fr...

    Text Solution

    |

  16. A sum of money invested at compound interest triples itself in five ye...

    Text Solution

    |

  17. If P=Rs. 6000 and R=5% per annum, find the amount in 1 year interest c...

    Text Solution

    |

  18. Find the difference between simple interest and compound interest, if ...

    Text Solution

    |

  19. A person borrows Rs. 2000 at 20% per annum at C.I. compounded half yea...

    Text Solution

    |

  20. The difference between the simple interest received from two different...

    Text Solution

    |