CA Foundation Exam > CA Foundation Questions > If P=Rs. 1000, R=5%.a., n=4; What is Amount a...
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If P=Rs. 1000, R=5%.a., n=4; What is Amount and C.I. is
- a)Rs. 1215.50, Rs. 215.50
- b)Rs. 1125, Rs. 125
- c)Rs. 2115, Rs. 115
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
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If P=Rs. 1000, R=5%.a., n=4; What is Amount and C.I. isa)Rs. 1215.50, ...
Calculation of Amount and Compound Interest
1. Formula for Calculating Amount:
Amount = P * (1 + R/100)^n
Where,
P = Principal amount (Rs. 1000)
R = Rate of interest (5%)
n = Number of years (4)
2. Calculation:
P = Rs. 1000
R = 5%
n = 4 years
Amount = 1000 * (1 + 5/100)^4
= 1000 * (1.05)^4
= 1000 * 1.21550625
= Rs. 1215.51
3. Formula for Calculating Compound Interest:
Compound Interest = Amount - Principal
Compound Interest = Rs. 1215.51 - Rs. 1000
= Rs. 215.51
Therefore, the correct answer is option 'A':
Amount = Rs. 1215.50
Compound Interest = Rs. 215.50
1. Formula for Calculating Amount:
Amount = P * (1 + R/100)^n
Where,
P = Principal amount (Rs. 1000)
R = Rate of interest (5%)
n = Number of years (4)
2. Calculation:
P = Rs. 1000
R = 5%
n = 4 years
Amount = 1000 * (1 + 5/100)^4
= 1000 * (1.05)^4
= 1000 * 1.21550625
= Rs. 1215.51
3. Formula for Calculating Compound Interest:
Compound Interest = Amount - Principal
Compound Interest = Rs. 1215.51 - Rs. 1000
= Rs. 215.51
Therefore, the correct answer is option 'A':
Amount = Rs. 1215.50
Compound Interest = Rs. 215.50
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If P=Rs. 1000, R=5%.a., n=4; What is Amount and C.I. isa)Rs. 1215.50, Rs. 215.50b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)None of theseCorrect answer is option 'A'. Can you explain this answer?
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If P=Rs. 1000, R=5%.a., n=4; What is Amount and C.I. isa)Rs. 1215.50, Rs. 215.50b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)None of theseCorrect answer is option 'A'. Can you explain this answer? 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 If P=Rs. 1000, R=5%.a., n=4; What is Amount and C.I. isa)Rs. 1215.50, Rs. 215.50b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If P=Rs. 1000, R=5%.a., n=4; What is Amount and C.I. isa)Rs. 1215.50, Rs. 215.50b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)None of theseCorrect answer is option 'A'. Can you explain this answer?.
If P=Rs. 1000, R=5%.a., n=4; What is Amount and C.I. isa)Rs. 1215.50, Rs. 215.50b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)None of theseCorrect answer is option 'A'. Can you explain this answer? 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 If P=Rs. 1000, R=5%.a., n=4; What is Amount and C.I. isa)Rs. 1215.50, Rs. 215.50b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If P=Rs. 1000, R=5%.a., n=4; What is Amount and C.I. isa)Rs. 1215.50, Rs. 215.50b)Rs. 1125, Rs. 125c)Rs. 2115, Rs. 115d)None of theseCorrect answer is option 'A'. Can you explain this answer?.
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