What is the compound interest on a sum of 10000 at 14%?

Solution

Given that,

Principle amount (P)=10,000Rs.

Rate of interest $$=14\%$$

Time $$=2\frac{5}{7}=2+\dfrac{5}{7}$$

We know that $$A=P(1+\dfrac{R}{100})^n$$

$$\Rightarrow A=10,000(1+\dfrac{14}{100})^2(1+\dfrac{5\times14}{100\times 7})$$

$$\Rightarrow A=10,000(1.14)^2(1+0.1)$$

$$\Rightarrow A=10,000(1.14)^2(1.1)=14295.6$$Rs.

Hence the required profit $$14295.6-10000=4295.6\cong4296$$Rs.

Solution

For 1st year Principal(P) =Rs. 10000, Rate(R) =8% Time(T) =1 year ∴ Interest = 10000×8×1100=100×8=Rs.800 For 2nd year P= Rs. 10000 +Rs. 800=Rs. 10800 Rate(R) =8% Time(T)=1 year ∴ Interest= 10800×8×1100=108×8=Rs.864 For 3rd year ∴ P= Rs. 10800 +Rs. 864 =Rs. 11664, R=8%, T=1 year ∴ Interest= 11664×8×1100=11664×225 =Rs. 933.12 ∴ Amount =Rs. 11664 +933.12 =Rs. 12597.12 Hence required amount =Rs. 12597.12 ∴ Compound interest =Rs. 12597.12 -10000=Rs. 2597.12

The compound interest on sum of 10000 at 14% p.A for 2 5/7 years is 17143. Step-by-step explanation: Principal amount = 10000 Rs. Hope this answer is helpful.

How do I calculate interest on 2 R’s?

Likewise 2 rupee interest means 24% ROI per annum. So if someone says some XRupee interest, multiply it by 12% so you understand easily.

How do you solve an equation with interest?

Simple Interest Formulas and Calculations:

1. Calculate Total Amount Accrued (Principal + Interest), solve for A. A = P(1 + rt)
2. Calculate Principal Amount, solve for P. P = A / (1 + rt)
3. Calculate rate of interest in decimal, solve for r. r = (1/t)(A/P – 1)
4. Calculate rate of interest in percent.
5. Calculate time, solve for t.

What is the compound interest on a sum of 10000 at 14%?

What is the compound interest on a sum of ₹10,000 at 14% p.a. for 2 5 7 2\frac{5}{7} 275 years where the interest is compounded yearly? (nearest to ₹1) Given that, Principle amount (P)=10,000Rs. ⇒ A = 10 , 000 ( 1.14 ) 2 ( 1.1 ) = 14295.6 \Rightarrow A=10,000(1.14)^2(1.1)=14295.6 ⇒A=10,000(1.

What is the compound interest on a sum of Rs 10000?

Implies Interest for 1 year = 10850-10000 = Rs. 850. Then the Compound interest = interest for 1 year + Simple interest obtained as 230.56.

At what interest rate Rs 8900 will amount to Rs 10324 in 2 years?

→ R = 8% (Ans.)

What will be the maturity value of ₱ 12000 invested for 4 years at 15% compounded quarterly?

Answer: 1 . 6Computing the Maturity Value What will be the maturity value of 12, 000 pesos invested for 4 years at 15% compounded quarterly? Given: P = 3,000 pesos, t = 4 years m = 4, n = tm = 4(4) = 16 j = 15% = 0.15, i = j/m = 0.15/4 = 0.0375 1.

What is the sum of 10000?

The number series 1, 2, 3, 4, . . . . , 9999, 10000. Therefore, 50005000 is the sum of positive integers upto 10000.

What will be the interest on a sum of Rs 10000 in 1 year?

The formula of simple interest is \[SI=\dfrac{\operatorname{PrT}}{100}\]. Implies Interest for 1 year = 10850-10000 = Rs. 850.

How much interest does 10000 earn in a year?

How much interest can you earn on $10,000? In a savings account earning 0.01%, your balance after a year would be $10,001. Put that $10,000 in a high-yield savings account for the same amount of time, and you’ll earn about $50.

How long will it take money to triple itself if invested at 8% compounded annually?

The Rule of 115 It’s as simple as dividing your interest rate by 115. The quotient is the amount of time it will take you to triple your money. For example, if your money earns an 8 percent interest rate, it will triple in 14 years and 5 months (115 divided by 8 equals 14.4).

What will be the compound interest on a sum of 10000?

What is the interest of 10000 of 12%?

What is the compound interest on 10000 at 5% for 3 years?

What will be the compound interest on 10000 for 3 years at 2%?