CA Foundation Exam > CA Foundation Questions > ?A=1000, n=2,r=6%p.a. compound interest payab...
Start Learning for Free
A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =?
Most Upvoted Answer
?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then princ...
Calculation of Principal with Compound Interest Payable Half-Yearly:
Given:
Principal (A) = 1000
Number of periods (n) = 2
Rate of interest (r) = 6% per annum
Calculation:
Since the interest is compounded half-yearly, the rate for each half-year will be half of the annual rate.
Half-yearly rate (R) = (6/2)% = 3%
Number of periods in half-yearly terms (2n) = 4
Using the compound interest formula:
A = P(1 + R/100)^n
where A is the amount, P is the principal, R is the rate of interest in percentage, and n is the number of periods.
We can calculate the amount after 2 years (4 half-years) as:
A = 1000(1 + 3/100)^4
A = 1000(1.03)^4
A = 1000(1.1255)
A = 1125.50
Therefore, the principal is 1000 and the amount after 2 years with 6% per annum compound interest payable half-yearly is 1125.50.
Given:
Principal (A) = 1000
Number of periods (n) = 2
Rate of interest (r) = 6% per annum
Calculation:
Since the interest is compounded half-yearly, the rate for each half-year will be half of the annual rate.
Half-yearly rate (R) = (6/2)% = 3%
Number of periods in half-yearly terms (2n) = 4
Using the compound interest formula:
A = P(1 + R/100)^n
where A is the amount, P is the principal, R is the rate of interest in percentage, and n is the number of periods.
We can calculate the amount after 2 years (4 half-years) as:
A = 1000(1 + 3/100)^4
A = 1000(1.03)^4
A = 1000(1.1255)
A = 1125.50
Therefore, the principal is 1000 and the amount after 2 years with 6% per annum compound interest payable half-yearly is 1125.50.
Community Answer
?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then princ...
Given; A=1000 n=2years and r=6%
to find P=?
by using formula
A=P (1+r/100)^n
1000=P(1+3/100)^4
then; P=888.48
to find P=?
by using formula
A=P (1+r/100)^n
1000=P(1+3/100)^4
then; P=888.48
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =?
Question Description
?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about ?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =?.
?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about ?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =?.
Solutions for ?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of ?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =? defined & explained in the simplest way possible. Besides giving the explanation of
?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =?, a detailed solution for ?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =? has been provided alongside types of ?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =? theory, EduRev gives you an
ample number of questions to practice ?A=1000, n=2,r=6%p.a. compound interest payable half-yearly then principal =? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup