A of Rs. 20,000 is borrowed by Heena 2 years an interest of 8% compounded annually. Find the Compound Interest (C.I.) and the amount she has to pay the end of 2 years.1728332823663200 (2024)

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Question

A

1728

B

3328

C

2366

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Solution

Verified by Toppr

Given that,

P=Rs.20,000

R=8%

T=2years

As compounded annually, n=2.

Amount at the end of 2 years =P(1+R100)n

=20000(1+8100)2

=20000×108100×108100

=Rs.23,328

Compound Interest (C.I) =2332820000=Rs.3328

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A of Rs. 20,000 is borrowed by Heena 2 years an interest of 8% compounded annually. Find the Compound Interest (C.I.) and the amount she has to pay the end of 2 years.1728332823663200 (2024)

FAQs

What is the compound interest on Rs 20000 for 2 years at 8 per year? ›

20,000 for 2 years at 8 % per year compound interest. Calculate the final amount at the end of the second year. Rs. 23,487.

What is the interest on 30000 compounded annually for 2 years at 8% annum? ›

The compound interest on₹30000 at 8% per annum is ₹4992.

What amount heena has to pay at the end of 2 years on a sum of rs 20000 at an interest of 8% compounded annually? ›

Compound Interest (C.I) =23328−20000=Rs. 3328. A sum of Rs. 20,000 is borrowed by Heena for 2 years at an interest of 8% compounded annually.

What is the compound interest on rupees 25000 for 2 years at the rate of 4% per annum? ›

Therefore, the amount on 25,000 for 2 years at a rate of 4% per annum compounded annually is approximately 27,040.

How much will $20,000 amount to in 2 years? ›

The correct Answer is:A

20000 when invested at R% simple interest for 2 years becomes Rs. 24000.

What is the compound interest on Rs 2000 for 2 years at 10 pa? ›

Calculation:
  1. Calculation:
  2. According to the question, A = 2000 × (1 + 10/100 )2
  3. ⇒ A = 2000 × (11/10)2
  4. ⇒ Rs. 2,420 − Rs. 2,000.

What is the compound interest on 10000 in 2 years at 8 per annum? ›

10000 by compound interest at 8% rate for 2 years, when compounded annually? The amount is ₹ 11664.

What is the simple interest on 25000 at 8% per annum for 3 years? ›

Answer: Therefore, the simple interest on Rs. 25,000 at 8% per annum for 3 years is Rs. 6,000.

What is the compounded interest on Rs 50000 at 8% per annum for 2 years compounded annually? ›

r = 8% p.a. Therefore, the amount after 2 years is Rs 58320. Therefore, the compounded interest is Rs. 8320.

What amount does Heena have to pay at the end of 2 years? ›

Answer. Heena should pay ₹23,328 at the end of two years.

What is a sum of 20000 is borrowed at 18 compound interest and paid back in 4 equal installments? ›

A = 20000(1 + 0.18/1)^(1*4) A = 20000(1 + 0.18)^4 A = 20000(1.18)^4 A = 20000 * 2.9372 A ≈ 58744 So, the total amount to be paid back after 4 years is approximately 58744. Divide the total amount by 4 to find the value of each instalment.

What is the amount at the end of 2 years on 2400? ›

That is, the amount Rs. 2646 to be paid at the end of 2 years on Rs. 2400 at 5% per annum compounded annually. So, the correct answer is “2646”.

At what rate of compound interest will rupees 20000 become rupees 242 after 2 years? ›

The rate of interest is 10 %

What is the compound interest on 20000 for 3 years? ›

So, C.I = 26,620 - 20,000 = ₹ 6,620.

How much will RS 25,000 amount to in 2 years? ›

What will Rs 25000 amounts to in two years at Compound Interest if the rates for successive years be 4 % and 5 % per year. A=P⋅(1+R1100)N1⋅(1+R2100)N2... =27300.

What is the amount and compound interest on ₹ 20000 in two years at 8 pa compounded annually? ›

Therefore, I=21,600×1×8100= Rs 1,728. A man borrowed Rs 20,000 for 2 years at 8% per year compound interest.

What is the amount and compound interest on $20,000 for 3 years at 8% per annum? ›

5832/- at compound interest rate of 8% per annum.

What is the compound interest on Rs 20000 at 5% per annum for 2 years? ›

I=20000×2×5100=Rs. 2,000. Rs. 20,000 is lent for 2 years at 5% compound interest.

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