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Fabina borrows Rs 12,500 at 12% per annum for 3 years at simple interest and Radha borrows the same amount for the same time period at 10% per annum, compounded annually. Who pays more interest and by how much?

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142.

I borrowed Rs 12,000 from Jamshed at 6% per annum simple interest for 2 years. Had I borrowed this sum at 6% per annum compound interest, what extra amount would I have to pay?

92 Views

Short Answer Type

143.

Vasudevan invested Rs 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get after 6 months?

238 Views

144.

Vasudevan invested Rs 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get after 1 year?

191 Views

145.

Arif took a loan of Rs 80,000 from a bank. If the rate of interest is 10% per annum, find the difference in amounts he would be paying after 1¹/₂ years if the interest is

(i) Compounded annually.

(ii) Compounded half yearly.

1988 Views

146.

Maria invested Rs 8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find:

(i) The amount credited against her name at the end of the second year.

(ii) The interest for the 3rd year.

759 Views

Long Answer Type

147.
Find the amount and the compound interest on Rs 10,000 for 1¹/₂ years at 10% per annum, compounded half yearly. Would this interest be more than the interest he would get if it was compounded annually?

Principal = Rs 10,000

Time = 1 $1 half %$

Rate = 10% p.a.

Case I. Interest on compounded half yearly

We have r =10 p.a. = 5% per half yearly

T = $<pre>uncaught exception: mkdir(): Permission denied (errno: 2) in /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/util/sys/Store.class.php at line #56mkdir(): Permission denied in file: /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/util/sys/Store.class.php line 56 #0 [internal function]: _hx_error_handler(2, 'mkdir(): Permis...', '/home/config_ad...', 56, Array) #1 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/util/sys/Store.class.php(56): mkdir('/home/config_ad...', 493) #2 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/plugin/impl/FolderTreeStorageAndCache.class.php(110): com_wiris_util_sys_Store->mkdirs() #3 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/plugin/impl/RenderImpl.class.php(231): com_wiris_plugin_impl_FolderTreeStorageAndCache->codeDigest('mml=<math xmlns...') #4 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/plugin/impl/TextServiceImpl.class.php(59): com_wiris_plugin_impl_RenderImpl->computeDigest(NULL, Array) #5 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/service.php(19): com_wiris_plugin_impl_TextServiceImpl->service('mathml2accessib...', Array) #6 {main}</pre>$

∴ $space straight A space equals space straight P open square brackets 1 plus straight R over 100 close square brackets to the power of straight n$

 = Rs $10000 open square brackets 1 plus 5 over 100 close square brackets cubed$

 = Rs 10000 $open square brackets 21 over 20 close square brackets cubed$ = Rs $<pre>uncaught exception: mkdir(): Permission denied (errno: 2) in /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/util/sys/Store.class.php at line #56mkdir(): Permission denied in file: /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/util/sys/Store.class.php line 56 #0 [internal function]: _hx_error_handler(2, 'mkdir(): Permis...', '/home/config_ad...', 56, Array) #1 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/util/sys/Store.class.php(56): mkdir('/home/config_ad...', 493) #2 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/plugin/impl/FolderTreeStorageAndCache.class.php(110): com_wiris_util_sys_Store->mkdirs() #3 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/plugin/impl/RenderImpl.class.php(231): com_wiris_plugin_impl_FolderTreeStorageAndCache->codeDigest('mml=<math xmlns...') #4 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/plugin/impl/TextServiceImpl.class.php(59): com_wiris_plugin_impl_RenderImpl->computeDigest(NULL, Array) #5 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/service.php(19): com_wiris_plugin_impl_TextServiceImpl->service('mathml2accessib...', Array) #6 {main}</pre>$

= Rs $space space fraction numerator 5 cross times 21 cross times 21 cross times 21 over denominator 4 end fraction$ = Rs $46305 over 4$ = Rs 11576.25

∴ Amount = Rs 11576.25

Now CI = Amount - Principal

 = Rs 11576.25 - Rs 10,000 = Rs 1576.25

Case II, Interest on compounded annually

 We have R = 10% p.a.

T = $1 1 half year$

Amount for 1 year = $<pre>uncaught exception: mkdir(): Permission denied (errno: 2) in /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/util/sys/Store.class.php at line #56mkdir(): Permission denied in file: /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/util/sys/Store.class.php line 56 #0 [internal function]: _hx_error_handler(2, 'mkdir(): Permis...', '/home/config_ad...', 56, Array) #1 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/util/sys/Store.class.php(56): mkdir('/home/config_ad...', 493) #2 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/plugin/impl/FolderTreeStorageAndCache.class.php(110): com_wiris_util_sys_Store->mkdirs() #3 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/plugin/impl/RenderImpl.class.php(231): com_wiris_plugin_impl_FolderTreeStorageAndCache->codeDigest('mml=<math xmlns...') #4 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/lib/com/wiris/plugin/impl/TextServiceImpl.class.php(59): com_wiris_plugin_impl_RenderImpl->computeDigest(NULL, Array) #5 /home/config_admin/public/felixventures.in/public/application/css/plugins/tiny_mce_wiris/integration/service.php(19): com_wiris_plugin_impl_TextServiceImpl->service('mathml2accessib...', Array) #6 {main}</pre>$ = Rs 10000 $space cross times open square brackets 1 plus 10 over 100 close square brackets to the power of 1$

= Rs $10000 cross times 11 over 10$
 = Rs 11000

   ∴ Interest for 1st year = Rs 11000 - Rs 10,000 = Rs 1000

             Interest for next $1 half$ year on Rs 11000 = $fraction numerator straight P cross times straight R cross times straight T over denominator 100 end fraction$

                                                               = $Rs space 11000 cross times 10 over 100 cross times 1 half$