What is the compound interest on 16000?

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What is the compound interest on 16000?

∴ The compound interest is Rs. 5160.

What will be the compound interest be on 16000 for 1 and a half years at the rate of 10% per annum compounded half yearly?

amount of compound interest would be 2522 Rs 1 1/2) × 2 = 3 half years .

What will be the compound interest on rupees 16000 at 20% per annum for 9 months compounded quarterly?

The compound interest on ₹ 16000 for 9 months at 20% p.a, compounded quarterly is ₹ 2522 – Mathematics.

How much would a sum of 16000 amount to in 2 years at 10% per annum if the interest is compounded half yearly?

Hence a sum of rs. 16000 amount to be 20736000 in 2 years at 10% per annum, if the interest is compounded half yearly.

What is the formula of per annum compounded annually?

If the given principal is compounded annually, the amount after the time period at percent rate of interest, r, is given as: A = P(1 + r/100)t, and C.I. would be: P(1 + r/100)t – P .

What will be the compound interest on 15000 for 2 years at 10 per annum?

Therefore, compound interest is 3150 Rs.

How much would a sum of Rs 16000 amount to in 1 year at 20% per annum if the interest is compounded quarterly?

The compound interest on Rs. 16000 for 9 months at 20% p.a, compounded quarterly is Rs. 2522.

What is compound interest per annum?

⇒ R = 6% per annum.

How much would a sum of 16000 amount to in one year at 20% per annum if the interest is compounded quarterly?

16000 for 9 months at 20% p.a, compounded quarterly is Rs. 2522.

What will be the amount on a sum of Rs 16000 at the rate of 12% per annum compound interest in 2.5 years if the interest is compounded 10 monthly?

∴ Compound interest = Amount – Principal = 19360 – 16000 = Rs. 3360.

At what rate of compound interest per annum will a sum of 1200 become 1348.32 in 2 years?

Then, 1200×(1+R100)2=1348.321200×(1+R100)2=1348.32% Was this answer helpful?

At what rate of compound interest per annum will a sum of ₹ 10 00000 become ₹ 12 25043 in 3 years?

A = P (1 + r/100)^t (where A is amount having value ₹ 1225043, P is principal having value ₹1000000, r is rate and t is time having value 3 years). Assumption: Let’s say that the rate per annum is x. Therefore, the rate is 7%.

What is the compound interest on 10000 for 3 years?

When it comes to savings and investments, the compound interest on \$10,000 for three years at 6% per annum is \$1,910.16. Below is a sample calculation to get the toal interest amount: 10,000 x.06 = 600 (first year)

What is a 10% interest rate compounding semi-annually?

For example, a loan with a 10% interest rate compounding semi-annually has an interest rate of 10% / 2, or 5% every half a year. For every \$100 borrowed, the interest of the first half of the year comes out to:

How many years will a amount double itself at 10% compounded quarterly?

In how many years will a amount double itself at 10% interest rate compounded quarterly? Ans. t = (log (A/P) / log (1+r/n)) / n = log (2) / log (1 + 0.1 / 4) / 4 = 7.02 years 3. If interest is compounded daily, find the rate at which an amount doubles itself in 5 years?

How much does a 6% mortgage interest rate compound monthly?

For example, a 6% mortgage interest rate amounts to a monthly 0.5% interest rate. However, after compounding monthly, interest totals 6.17% compounded annually.