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Kavita got a loan of Rs 25000 to purchase a laptop if the rate of intrest is 12%compounded quarterly find the amount she pay after half-yearly also find the compound intrest for the period.?
Most Upvoted Answer
Kavita got a loan of Rs 25000 to purchase a laptop if the rate of intr...
Loan Calculation:
- Principal amount (P) = Rs 25000
- Rate of interest (R) = 12% compounded quarterly
- Time period (T) = half-yearly
Calculation for half-yearly:
- Number of compounding periods in a year = 2 (since interest is compounded half-yearly)
- Rate of interest per period = R/2 = 12%/2 = 6%
- Time period in years = 0.5 years (half-yearly)
Calculation for compound interest:
- Using the formula for compound interest: A = P(1 + r/n)^(nt)
- A = 25000(1 + 0.06/2)^(2*0.5)
- A = 25000(1 + 0.03)^1
- A = 25000(1.03)
- A = Rs 25750
Amount to be paid after half-yearly:
- Kavita will have to pay Rs 25750 after half-yearly.
Compound interest for the period:
- Compound interest = A - P
- Compound interest = 25750 - 25000
- Compound interest = Rs 750
Therefore, Kavita will have to pay Rs 25750 after half-yearly, and the compound interest for the period will be Rs 750.
- Principal amount (P) = Rs 25000
- Rate of interest (R) = 12% compounded quarterly
- Time period (T) = half-yearly
Calculation for half-yearly:
- Number of compounding periods in a year = 2 (since interest is compounded half-yearly)
- Rate of interest per period = R/2 = 12%/2 = 6%
- Time period in years = 0.5 years (half-yearly)
Calculation for compound interest:
- Using the formula for compound interest: A = P(1 + r/n)^(nt)
- A = 25000(1 + 0.06/2)^(2*0.5)
- A = 25000(1 + 0.03)^1
- A = 25000(1.03)
- A = Rs 25750
Amount to be paid after half-yearly:
- Kavita will have to pay Rs 25750 after half-yearly.
Compound interest for the period:
- Compound interest = A - P
- Compound interest = 25750 - 25000
- Compound interest = Rs 750
Therefore, Kavita will have to pay Rs 25750 after half-yearly, and the compound interest for the period will be Rs 750.
Community Answer
Kavita got a loan of Rs 25000 to purchase a laptop if the rate of intr...
Amount=31000
Compound in. = 6000
Compound in. = 6000
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Kavita got a loan of Rs 25000 to purchase a laptop if the rate of intrest is 12%compounded quarterly find the amount she pay after half-yearly also find the compound intrest for the period.?
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Kavita got a loan of Rs 25000 to purchase a laptop if the rate of intrest is 12%compounded quarterly find the amount she pay after half-yearly also find the compound intrest for the period.? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about Kavita got a loan of Rs 25000 to purchase a laptop if the rate of intrest is 12%compounded quarterly find the amount she pay after half-yearly also find the compound intrest for the period.? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Kavita got a loan of Rs 25000 to purchase a laptop if the rate of intrest is 12%compounded quarterly find the amount she pay after half-yearly also find the compound intrest for the period.?.
Kavita got a loan of Rs 25000 to purchase a laptop if the rate of intrest is 12%compounded quarterly find the amount she pay after half-yearly also find the compound intrest for the period.? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about Kavita got a loan of Rs 25000 to purchase a laptop if the rate of intrest is 12%compounded quarterly find the amount she pay after half-yearly also find the compound intrest for the period.? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Kavita got a loan of Rs 25000 to purchase a laptop if the rate of intrest is 12%compounded quarterly find the amount she pay after half-yearly also find the compound intrest for the period.?.
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