By using the formula, find the amount and compound interest on. R… - Vidyadip

Question

By using the formula, find the amount and compound interest on.
Rs. 6000 for 2 years at 9% per annum compounded annually.

✓

Answer

Principal (P) = Rs. 6000
Rate (R) = 9% p.a
Period (n) = 2 years
Amount (A) $=\text{P}\Big(1+\frac{\text{R}}{100}\Big)^{\text{n}}$
$=\text{Rs. }6000\Big(1+\frac{9}{100}\Big)^2$
$=\text{Rs. }6000\times\frac{109}{100}\times\frac{109}{100}$
$=\text{Rs. }\frac{71286}{10}=\text{ Rs. }7128.60$
C.I = A - P = Rs. 7128.60 - Rs. 6000
= Rs. 1128.60

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Mark Question" from Compound Interest→Compound Interest — all question types→Maths STD 8 question papers→Maharashtra Board STD 8 question papers→Maharashtra Board question paper generator→

Similar questions

Add the following rational number:
$\frac{-7}{27}$ and $\frac{11}{18}$

Divide 4500 into two parts such that 5% of the first part is equal to 10% of the second part.

A man saves 18% of his monthly income. If he saves Rs. 1890 per month, what is his monthly income?

Find the least square number which is exactly divisible by each of the numbers 6, 9, 15 and 20.

A basket contains three types of fruits weighing $19\frac{1}{3}\text{kg}$ in all. If $8\frac{1}{9}\text{kg}$ of these be apples, $3\frac{1}{6}\text{kg}$ be oranges and the rest pears, what is the weight of the pears in the basket?

Find the area of a trapezium whose parallel sides are of length 16dm and 22dm and whose height is 12dm.

In a trapezium-shaped field, one of the parallel sides is twice the other. If the area of the field is $9450 m^2$ and the perpendicular distance between the two parallel sides is 84 m , find the length of the longer of the parallel sides.

Rohit purchased a pair of shoes for Rs. 882 inclusive of VAT. If the original cost be Rs. 840, find the rate of VAT.

Write the prime factorization of the following numbers and hence find their square roots.
9604

Evaluate $\sqrt{11236}$