Let the sum be Rs. P
P{
- 1 } = 2828.80
It is in the form of
P(8/100)(2 + 8/100) = 2828.80
P = 2828.80 / (0.08)(2.08)
= 1360/0.08 = 17000
Principal + Interest = Rs. 19828.80
Given principal amount = Rs. 8000
Time = 3yrs
Rate = 5%
C.I for 3 yrs =
Now, C.I for 2 yrs =
Hence, the required difference in C.I is 1261 - 820 = Rs. 441
C.I. when interest
compounded yearly=rs.[5000*(1+4/100)(1+1/2*4/100)]
= Rs. 5304.
C.I. when interest is
compounded half-yearly=rs.5000(1+2/100)^3
= Rs. 5306.04
Difference = Rs. (5306.04 - 5304) = Rs. 2.04
We know that,
From given data, P = Rs. 8625
Now, C.I =
C.I =
594.5 =
% .
> 2P
Now, (6/5 x 6/5 x 6/5 x 6/5) > 2.
So, n = 4 years.
Let the rate be R% p.a. Then,
Rate = 15%.
Rs.100 invested in compound interest becomes Rs.200 in 5 years.
The amount will double again in another 5 years.
i.e., the amount will become Rs.400 in another 5 years.
So, to earn another Rs.200 interest, it will take another 5 years.
Let the sum be Rs. x. Then,
Thus, the sum is Rs. 2160
Amount
=Rs.[8000x(1+5/100)²]
= Rs.[8000 x 21/20x21/20]
= Rs.8820.
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