What will be the compound interest on 7500 at 4\% per annum for 2 years compounded annually?

Amount = Rs [7500*1+4/100 2 ] = Rs 7500 * 26/25 * 26/25 = Rs. 8112.

What is the compound interest for 2 years?

For 2 years, T = 24. If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where ‘T’ is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4.

What is the compound interest on Rs 5000 for 4 years?

Thus, the compound interest is Rs. 3712.

What is the compound interest on a principal of Rs 25000 after 3 years at the rate of 12 per annum?

Rate of interest = 12\% p.a. ∴ The compound interest is Rs. 10123.20.

What is the amount for a sum of money rupees 7500 at 6\% rate of interest?

We will solve this equation to find the value of \[r\], and hence, the rate of interest compounded annually. Thus, we get that the sum of Rs. 7500 amounts to Rs. 8427 in 2 years, compounded annually at the rate $6\\% $ per annum.

What is the compound interest at 4\% per annum for 2 years?

The compound interest on Rs 50,000 at 4\% per annum for 2 years compounded annually in rupees is. 4,000. 4,080.

How do you calculate compound interest for 2.5 years?

18000, Rate,R = 10\% and time period,n = 2.5 years.

1. We know, Amount when interest is compounded annually =
2. Amount after 2 years at 10\% , A = = Rs.21780.
3. SI on next 1/2 year at = = Rs. 1089.

What is the interest on Rs 5000 at 8\% for 1 year?

Therefore, the compound interest is Rs. 624.32 on Rs. 5000 if it is compounded half yearly for 1 year 6 months at 8 \% per annum.

What is the difference between the compound interest on ₹ 5000 for 1.5 years at 4\% per annum compounded yearly and half yearly?

so, compound interest = 5304 – 5000 = 304 Rs. total amount after 1 ½ years when interest is compounded half yearly. compound interest = 5306.4 – 5000 = 306.4 Rs. so, difference between them = 306.4 – 304 = 2.04 Rs.

What will be the compound interest on Rs 25000?

25000 at 10\% per annum is Rs. 5250.

How is compound interest calculated on an investment of Rs 50000?

Sania made an investment of Rs 50,000, with an annual interest rate of 10\% for a time frame of five years. With compound interest calculated on it, the interest for the initial year will be calculated on the below mentioned basis: 50,000 x 10/100 = Rs. 5,000

How to solve for any variable in compound interest formula?

You can solve for any variable by rearranging the compound interest formula as illustrated in the following examples:- 1. What is the compound interest of 75000 at 7.9\% per annum compounded semi-annually in 3 years? Ans. A = P (1+r/n) nt = 75000 (1 + (7.9 / 100) / 2) 6 = 94625.51 2.

How many years will a amount double itself at 10\% compounded quarterly?

In how many years will a amount double itself at 10\% interest rate compounded quarterly? Ans. t = (log (A/P) / log (1+r/n)) / n = log (2) / log (1 + 0.1 / 4) / 4 = 7.02 years 3. If interest is compounded daily, find the rate at which an amount doubles itself in 5 years?

How long does it take for compound interest to double?

If you make an investment which generates a compound interest of 6\% per year, it will double in a 12-year period while it has the potential to grow fourfold in 24 years.