A certain sum of money (₹ P) is lent for 3 1/2 years at r% C.I. compounded half yearly. The interest accrued will be: 1. (p (1+r/100))^7/2 - P 2. 3. 4.

Question

KnowledgeBoat · Accepted Answer

Given, the principal amount = ₹ P. The time period = years. The annual interest rate = r% . Interest is compounded half-yearly. The formula for C.I. when compounded half-yearly is I = P Substituting the values, we get : Hence, option 4 is the correct option.

Mathematics

A certain sum of money (₹ P) is lent for 3 1/2 years at r% C.I. compounded half yearly. The interest accrued will be: 1. (p (1+r/100))^7/2 - P 2. 3. 4.

Compound Interest

Related Questions

The amount of ₹ 1,000 in 2 years and at 20% compound interest compounded per year is:
₹ 1,200
₹ 1,400
₹ 800
₹ 1,440

The difference between C.I. and S.I. at 10% in 2 years on ₹ 100 is:
₹ 1
₹ 41
₹ 00
none of these

Mathematics

A certain sum of money (₹ P) is lent for 3 1/2 years at r% C.I. compounded half yearly. The interest accrued will be: 1. (p (1+r/100))^7/2 - P 2. 3. 4.

Compound Interest

Related Questions

The amount of ₹ 1,000 in 2 years and at 20% compound interest compounded per year is:₹ 1,200₹ 1,400₹ 800₹ 1,440

The difference between C.I. and S.I. at 10% in 2 years on ₹ 100 is:₹ 1₹ 41₹ 00none of these

The amount of ₹ 1,000 in 2 years and at 20% compound interest compounded per year is:
₹ 1,200
₹ 1,400
₹ 800
₹ 1,440

The difference between C.I. and S.I. at 10% in 2 years on ₹ 100 is:
₹ 1
₹ 41
₹ 00
none of these