The compound interest on 50000 at 8% per annum for 2 years, compounded annually is


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Find the amount of Rs 50000 af...

Updated On: 27-06-2022

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Answer : Rs 8860.

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What is the compound interest on Rupees 5000 at 8% per annum for 2 years compounded annually?

5832∴ C.I. = A - P = Rs. 5832 - 5000= Rs. 832 (c)

What is the compound interest on Rs 50000 at 4% annum for 2 years compounded annually?

Solution. The compound interest on Rs 50,000 at 4% per annum for 2 years compounded annually is Rs 4,080.

How much will Rs 50000 to 2 years at 5% interest compounded annually?

50,000 amount to in 2 years at 5% interest rate compounded annually(a) Rs. 55,000.

What is the compound interest for 2 years?

For 2 years, T = 24. If interest is compounded half yearly, rate of interest = R / 2 and A = P [ 1 + ( {R / 2} / 100 ) ]T, where 'T' is the time period. For example, if we have to calculate the interest for 1 year, then T = 2. For 2 years, T = 4.

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