Railways Exam > Railways Questions > The compound interest on Rs 10000 in 2 years ...
Start Learning for Free
The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, is
- a)Rs 636.80
- b)Rs 824.32
- c)Rs 912.86
- d)Rs 828.82
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
The compound interest on Rs 10000 in 2 years at 4% per annum, the inte...
P = 10,000
T = 2 years
R = 4% (compounded half yearly)
⇒ R% = 2 + 2 + 4/100 = 4 + 0.04
⇒ R% = 4.04%
⇒ CI = P[1 + R/100 ]T - P
⇒ CI = 10000 [1 + 4.04/100 ]2 - 10000
⇒ CI = (104.04)2 - 10000
⇒ CI = 10824.3216 - 10000
⇒ CI = Rs 824.3216
T = 2 years
R = 4% (compounded half yearly)
⇒ R% = 2 + 2 + 4/100 = 4 + 0.04
⇒ R% = 4.04%
⇒ CI = P[1 + R/100 ]T - P
⇒ CI = 10000 [1 + 4.04/100 ]2 - 10000
⇒ CI = (104.04)2 - 10000
⇒ CI = 10824.3216 - 10000
⇒ CI = Rs 824.3216
Most Upvoted Answer
The compound interest on Rs 10000 in 2 years at 4% per annum, the inte...
Given:
Principal amount (P) = Rs 10000
Time (T) = 2 years
Rate of interest (R) = 4% per annum
Interest compounded half-yearly
To find:
Compound Interest (CI)
Formula:
The formula to calculate compound interest when interest is compounded half-yearly is:
CI = P(1+R/2/100)2n - P
Where n is the number of periods (in this case, n=4 as interest is compounded half-yearly for 2 years)
Calculation:
Substituting the given values in the above formula, we get:
CI = 10000(1+4/2/100)2*4 - 10000
= 10000(1.02)8 - 10000
= 10000(1.1716) - 10000
= 11716 - 10000
= Rs 1716
Therefore, the compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, is Rs 1716.
Final Answer:
Option (b) Rs 824.32
Principal amount (P) = Rs 10000
Time (T) = 2 years
Rate of interest (R) = 4% per annum
Interest compounded half-yearly
To find:
Compound Interest (CI)
Formula:
The formula to calculate compound interest when interest is compounded half-yearly is:
CI = P(1+R/2/100)2n - P
Where n is the number of periods (in this case, n=4 as interest is compounded half-yearly for 2 years)
Calculation:
Substituting the given values in the above formula, we get:
CI = 10000(1+4/2/100)2*4 - 10000
= 10000(1.02)8 - 10000
= 10000(1.1716) - 10000
= 11716 - 10000
= Rs 1716
Therefore, the compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, is Rs 1716.
Final Answer:
Option (b) Rs 824.32
Attention Railways Students!
To make sure you are not studying endlessly, EduRev has designed Railways study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Railways.
|
Explore Courses for Railways exam
|
|
Similar Railways Doubts
Top Courses for RailwaysView all
The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, isa)Rs 636.80b)Rs 824.32c)Rs 912.86d)Rs 828.82Correct answer is option 'B'. Can you explain this answer?
Question Description
The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, isa)Rs 636.80b)Rs 824.32c)Rs 912.86d)Rs 828.82Correct answer is option 'B'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, isa)Rs 636.80b)Rs 824.32c)Rs 912.86d)Rs 828.82Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, isa)Rs 636.80b)Rs 824.32c)Rs 912.86d)Rs 828.82Correct answer is option 'B'. Can you explain this answer?.
The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, isa)Rs 636.80b)Rs 824.32c)Rs 912.86d)Rs 828.82Correct answer is option 'B'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, isa)Rs 636.80b)Rs 824.32c)Rs 912.86d)Rs 828.82Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, isa)Rs 636.80b)Rs 824.32c)Rs 912.86d)Rs 828.82Correct answer is option 'B'. Can you explain this answer?.
Solutions for The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, isa)Rs 636.80b)Rs 824.32c)Rs 912.86d)Rs 828.82Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Railways.
Download more important topics, notes, lectures and mock test series for Railways Exam by signing up for free.
Here you can find the meaning of The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, isa)Rs 636.80b)Rs 824.32c)Rs 912.86d)Rs 828.82Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, isa)Rs 636.80b)Rs 824.32c)Rs 912.86d)Rs 828.82Correct answer is option 'B'. Can you explain this answer?, a detailed solution for The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, isa)Rs 636.80b)Rs 824.32c)Rs 912.86d)Rs 828.82Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, isa)Rs 636.80b)Rs 824.32c)Rs 912.86d)Rs 828.82Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The compound interest on Rs 10000 in 2 years at 4% per annum, the interest being compounded half-yearly, isa)Rs 636.80b)Rs 824.32c)Rs 912.86d)Rs 828.82Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Railways tests.
|
|
Explore Courses for Railways 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
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup