A sum of ₹12,000 is invested at 10% per annum, compound interest, compounded half-yearly. What is the amount after 1.5 years?
₹13,891.50
Compounded half-yearly, the half-year rate is \(\tfrac{10}{2}=5\)% and the number of periods for 1.5 years is 3.
Amount: \(A = 12000\times(1.05)^3 = 12000\times1.157625 = 13891.50\).
Hence, the amount after 1.5 years is ₹13,891.50.
Similar Questions
- A sum of money doubles itself at a compound interest in 15 years. In how many years will it become 8 times the original amount?
- A man placed a fixed deposit of ₹16,000 for a period of 2 years at 10% compound interest. If the interest is compounded half-yearly, then how much amount (in ₹) will he receive after the full term?
- A sum of ₹15,625 amounts to ₹24,389 in 3 years at a certain rate of interest per annum, compounded annually. The rate of interest per annum is:
- A sum is invested at compound interest payable annually. The interest in two successive years was ₹225 and ₹236.25. Find the rate of interest.
- A sum of ₹20,000 is borrowed by Heena for 2 years at an interest of 8% compounded annually. Find the compound interest.
- The compound interest on ₹20,000 at 8% per annum is ₹3,328. The period in years is:
- A sum was invested for 3 years on compound interest at 6%, 12% and 18% in first, second and third year respectively. The sum amounts to ₹20,000 in 3 years. Find the principal amount.
- In what time will ₹ $1,000$ become ₹ $1,331$ at an interest rate of $10\%$ per annum compounded annually?
- Find the compound interest when the principle is ₹6,000 at an interest of 10% per annum for 2 years.
- The population of a town increases at the rate of 10% every year. The present population is 1,000. In how many years will the population become 1,331?
Important Questions from Compound Interest
The certain sum amounts to Rs. 9,982.50 in \(2\frac{1}{2}\) years at 12% p.a., interest compounded 10-monthly. The sum (in Rs.) is:
The difference between the simple interest and the compound interest compounded annually on a certain sum of money for 2 years at a rate of 8% per annum is Rs. 16.80. Find the principle amount.
If a sum of ₹ 2000 is lent at 10% p.a. compound interest, what is the interest for the second year?
A sum becomes 5 times of itself in 3 years. at compound interest (interest is compounded annually). In how many years. will the sum becomes 125 times of itself?
If the compound interest on a certain sum of money for two years at 9% p.a. is Rs. 3,762, then the sum is:
