The compound interest on Rs. 30000 at 7 % per annum is Rs. 4347 . The period in years is: (2024)

FAQs

The compound interest on Rs. 30000 at 7 % per annum is Rs. 4347 . The period in years is:? ›

4347. The period (in years) is. 2 years.

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4,347.

The compound interest on Tk. 30,000 at 7% per annum is Tk. 4347.

2,420 at 10% per annum compound interest is. 2.5 years.

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

Now as we know that the compound interest is applied on Rs. 30,000. Now the amount after t years will be = A = Principal amount + Compound Interest for t years = 30,000 + 4347 = Rs. 34,347.

Answer. Answer: Compound interest is 5698.

Compound interest is calculated by multiplying the initial loan amount, or principal, by one plus the annual interest rate raised to the number of compound periods minus one. This will leave you with the total sum of the loan, including compound interest.

The compound interest on₹30000 at 8% per annum is ₹4992.

∴ difference =5306.04−5.304=2.04. What is the, difference between the compound interests on Rs. 5,000 for 112 years at 4% per annum compounded yearly and half-yearly? What is the difference between the compound interests on Rs.

What is the compound interest on a sum of Rs 10000 after 2 years at the 5 rate of interest per annum? ›

I=A−P=11,025−10,000=Rs. 1,025. Find the amount and the compound interest on Rs 10000 at 5% per annum, for 2 years compounded annually.

The final Amount is Rs 2163.2.

Compound interest = ₹ 11109 - ₹ 8000 = ₹ 3109. Q. Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually.

134832=1200(1+R100)2(1+R100)2=1348.301200(1+R100)2=1123610000(1+R100)=106100R=6%

∴ It will take 3 years for principal amount of Rs. 1000 to become Rs. 1331 when compounded annually at 10% per annum.

= 10,000(1+0.07)^2. =10,000(1.07)^2. = 21400.

A=P(1+r100)2−P=7000(1+12100)2−7000=7000(1.122−12)=7000(1.12−1)(1.12+1)=7000(0.12)(2.12)=Rs. 1780.8. Rahul invested Rs. 7,000 in shares for 2 years at the rate of 12% per annum compounded annually.

Solution :-

∴ The compound interest is Rs 21840 .