No products in the cart.

Meera lent out Rs.20,000 for nine …

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Meera lent out Rs.20,000 for nine months at 20%per annum compounded quarterly to Mrs Sharma . What amount will she get after the expiry of the period ?

Posted by Ishita Mukherjee 6 years ago

CBSE > Class 08 > Mathematics

1 answers

Yogita Ingle 6 years ago

Using compound interest formula,

{tex}A=P(1+\frac{r}{100})^t{/tex}

Where, A is the amount

P is the principal P=Rs.20,000

r is the rate of interest =20%

{tex}Per quarterly r=\frac{20}{4}=5\%{/tex}

t is the time 9 months

Per quarterly year t={tex}\frac{9}{12}\times 4{/tex}=3 years.

Substitute all values in the formula,

A={tex}20000(1+\frac{5}{100})^3{/tex}

A={tex}20000(1+0.05)^3{/tex}

A={tex}20000(1.05)^3{/tex}

A=20000(1.157625)

A=23152.5

Therefore, The required amount is Rs.23152.5.

0Thank You

ANSWER

Test

Related Questions

Class 8th ex .5.1

Posted by Jashan Preet 8 months, 1 week ago

CBSE > Class 08 > Mathematics

1 answers

Find examples from your surroundings where lines insect set at right angle

Posted by Arya Jain 1 year, 5 months ago

CBSE > Class 08 > Mathematics

0 answers

3+4{

Posted by Gupteswari Bag 1 year, 5 months ago

CBSE > Class 08 > Mathematics

4 answers

A streamer goes down stream from one point to another in 7 hours it covers the same distance upstream in 8 hours if the speed of the streamer is 2km/hr find the speed of the streamer in still water and the distance between the point

Posted by Yunus Malik 1 year, 5 months ago

CBSE > Class 08 > Mathematics

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Monika 8B 6 months ago

CBSE > Class 08 > Mathematics