If the simple interest for 2 years is Rs. 500 at 10% p.a. Find the compound interest for the same time​ - Brainly.in (2024)

Answer:

Sure, I can help you with that.

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SOLVED: What is the present value of 1,000 received in two years if the interest rate is 12% per year discounted annuallyInterest Rate vs. APR: What’s the Difference?Nominal, Period, and Effective Interest Rates[Solved] The compound interest on Rs. 1000 at 10 % per annum for 2 ye

Given:

Simple interest = Rs. 500

Interest rate = 10% p.a.

Time = 2 years

To find:

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Loan Interest Calculator | Bankrate

* Compound interest

**Calculation:**

Simple interest for 1 year = 500/2 = Rs. 250

Principal = (100 * 250) / (10 * 2) = Rs. 1250

Compound interest = P * (1 + r/100)^t - P = 1250 * (1 + 10/100)^2 - 1250 = Rs. 525

Therefore, the compound interest for the same time is Rs. 525.

Step-by-step explanation:

The simple interest is calculated on the principal amount only, while the compound interest is calculated on the principal amount and the interest that has accrued up to that point. This means that the compound interest is always more than the simple interest for the same time period.

In this case, the compound interest is Rs. 75 more than the simple interest. This is because the interest that has accrued in the first year is also earning interest in the second year.

If the simple interest for 2 years is Rs. 500 at 10% p.a. Find the compound interest for the same time​ - Brainly.in (2024)

FAQs

If the simple interest for 2 years is Rs. 500 at 10% p.a. Find the compound interest for the same time​ - Brainly.in? ›

Interest rate = 10% p.a. Therefore, the compound interest for the same time is Rs. 525.

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What is the simple interest on Rs 100 for 2 years at 10% pa and amount at the end of 2 years? ›

The correct option is A Rs 20.

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What is the compound interest on Rs 2000 for 2 years at 10 pa? ›

420. ∴ The compound interest on ₹2000 at 10% p.a. for 2 years, compounded annually, is Rs. 420. The RRB NTPC Notification 2024 is expected to be released soon.

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What is the compound interest on 1000 at 10% pa compounded annually for 2 years? ›

∴ The Interest Amount will be Rs. 210.

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What is the compound interest on Rs 5000 at 12% pa for 2 years if compounded annually? ›

The compound interest is Rs 1272.

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What is the compound interest on Rs 500 for 2 years at 10 pa? ›

Interest rate = 10% p.a. Therefore, the compound interest for the same time is Rs. 525.

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What is the compound interest on Rs 10000 at 10% pa for 2 years? ›

  1. Amount after the 1st year =Rs10000+Rs1000=Rs11000.
  2. Amount after the 2nd year =Rs11000+Rs1100=Rs12100.
  3. ∴ Compound Interest =Rs12100−Rs10000=Rs2100.

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What is compound interest on Rs 2000 at 5% pa for 2 years? ›

The correct Answer is:Rs. 205. Step by step video, text & image solution for The compound interest on Rs. 2000 at 5% per annum, compounded yearly for 2 years is by Maths experts to help you in doubts & scoring excellent marks in Class 14 exams.

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What is the compound interest on Rs 12000 at 10% pa for 2 years? ›

  1. Principal, P=Rs.12,000.
  2. Rate of interest, r=10%
  3. Time =2 years.
  4. So, n=2.
  5. Amount,A=P(1+r100)n=Rs. 12000(1+0.1)2=Rs.14520.
  6. CI=A−P=Rs. (14520−12000)=Rs. 2520.

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What is the simple interest earned on Rs 20000 for 2 years at 10% pa? ›

Hence, the rate of interest = 10% p.a. Q. If the Simple interest earned on a sum of ₹ 20,000 from a bank in a period of 2 years is ₹ 4,000.

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What is the compound interest on Rs 5000 for 2 years at 4% pa? ›

  1. R=4%
  2. T=2yrs.
  3. A=P(1+R100)T.
  4. A=5000(1+4100)2=5000×(104100)2=5408.
  5. CI=A−P=5408−5000=408.
Jan 9, 2020

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What is the compound interest on 8000 at 10% pa for 2 years? ›

8000=Rs. 1680. Q. A man invests Rs.

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What is the compound interest on Rs 5000 at 10 Pa for 2 years? ›

So, CI = Rs 6050 - Rs 5000 = Rs. 1050.

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What is the amount and compound interest on Rs 5000 for 2 years at 8 per annum compounded annually? ›

Period (n) = 2 yearsAmount (A) = P (1+R100)n=Rs. 5000(1+8100)2=Rs. 5000×2725×2725=Rs. 5832∴ C.I.

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What will be the compound interest on Rs 4000 for 2 years at 5% pa? ›

Detailed Solution

∴ Compound interest is Rs. 410.

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What is the compound interest on rupees 15000 for 2 years at 6% pa? ›

I=15,900×1×6100=Rs. 954.

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What is the compound interest of 10 on 100 rupees for 2 years? ›

100 at the rate of 10% per annum, compounded annually for 2 years. The amount he has to pay after 2 years is Rs. 121.

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What is the interest on Rs 100 at 10 percent PA for one year? ›

amount is 110 rupees.

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What is the simple interest on a principal of 100 for 2 years at the rate of 5 per annum? ›

Answer: SI = 100 rate= 5℅ time= 2 years. 100x100/5x2= 200/10= 20 Rs. so, amount= p+I = 20+100= 120 Rs ans.

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