5000, R = 12%, T = 2Formula used:\(\Rightarrow Amount = P \times {\left( {1 + \FRAC{R}{{100}}} \right)^T}\)Calculation:\(\Rightarrow Amount = 5000 \times {\left( {1 + \frac{{12}}{{100}}} \right)^2} = 6272\)∴ CI = 6272 - 5000 = Rs. 1272Alternate Method:R = 12% = 12/100 = 3/25∴ CI = 600 + 600 + 72 = Rs. 1272

"> 5000, R = 12%, T = 2Formula used:\(\Rightarrow Amount = P \times {\left( {1 + \FRAC{R}{{100}}} \right)^T}\)Calculation:\(\Rightarrow Amount = 5000 \times {\left( {1 + \frac{{12}}{{100}}} \right)^2} = 6272\)∴ CI = 6272 - 5000 = Rs. 1272Alternate Method:R = 12% = 12/100 = 3/25∴ CI = 600 + 600 + 72 = Rs. 1272

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Rs. 5000 are invested in a scheme of compound interest. If the rate of interest is 12% per annum, then what is the interest earned (in Rs) in 2 years?

General Knowledge General Awareness in General Knowledge . 7 months ago

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Given:P = 5000, R = 12%, T = 2Formula used:\(\Rightarrow Amount = P \times {\left( {1 + \FRAC{R}{{100}}} \right)^T}\)Calculation:\(\Rightarrow Amount = 5000 \times {\left( {1 + \frac{{12}}{{100}}} \right)^2} = 6272\)∴ CI = 6272 - 5000 = Rs. 1272Alternate Method:R = 12% = 12/100 = 3/25∴ CI = 600 + 600 + 72 = Rs. 1272

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Posted on 24 Nov 2024, this text provides information on General Knowledge related to General Awareness in General Knowledge. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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