Maths-
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Easy

Question

Reena borrowed Rs 8000 from Neena for 2 years at 12 fraction numerator 1 over denominator 2 end fraction percent sign per annum compound interest. What C.I. did Veena pay to Neena?

  1. Rs 2125    
  2. Rs 3100    
  3. Rs 2215    
  4. Rs 1920    

hintHint:

The given question is about compound interest. We are given the principal amount borrowed by Veena from Neena. We are given the rate and tenure. We have to find the compound interest. We will substitute the values in the formula for compund interest to get the value.

The correct answer is: Rs 2215


    The given values are as follows:
    Principal amount (P) = Rs. 8000
    Tenure(T) = 2 years
    Rate of interest per annum is R =12 1 half percent sign space equals space 25 over 2 percent sign space space space space space space space space space... left parenthesis space m i x e d space f r a c t i o n right parenthesis
    We have to find the compound interest.
    The formula for compund interest is C. I space equals P open parentheses 1 space plus space R over 100 close parentheses squared minus P
space space space space space space space equals 8000 open parentheses 1 space plus space fraction numerator begin display style bevelled 25 over 2 end style over denominator 100 end fraction close parentheses squared space minus space 8000
space space space space space space space equals 8000 open parentheses 1 space plus space fraction numerator 25 over denominator 2 space cross times 100 end fraction close parentheses squared minus 8000
space space space space space space space equals 8000 open parentheses 1 space plus space 0.125 close parentheses squared minus 8000
space space space space space space space equals 8000 left parenthesis 1.125 right parenthesis squared minus 8000 space space space space space space
space space space space space space space equals 8000 cross times left parenthesis 1.265 right parenthesis space minus 8000
space space space space space space space equals 10120 space minus space 8000
space space space space space space space equals 2120

space
    C.I = 2120
    So, the compound interest is Rs. 2120

    Compound interest is the internet based on the principal amount and also the interest added to the sum. It's interst on that total amount.

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