Compute the amount and the compound interest in each of the following by using the formulae when :

(i) Principal = Rs. 3000, Rate = 5%, Time = 2 years


(ii) Principal = Rs. 3000, Rate = 18%, Time = 2 years


(iii) Principal = Rs. 5000, Rate = 10 paise per annum, Time = 2 years


(iv) Principal = Rs. 2000, Rate = 4 paise per annum, Time = 3 years


(v) Principal = Rs. 12800, Rate = 7%, Time = 3 years


(vi) Principal = Rs. 10000, Rate = 20% per annum compounded half-yearly, Time = 2 years


(vii) Principal = Rs. 160000, Rate = 10 paise per rupee per annum compounded half yearly, Time = 2 years.

(i) Given,


Principal = Rs.3000


Rate = 5%


Time = 2 years


Compound interest =


=


Amount = principal + Compound interest


= 3000 + 307.50 = Rs. 3307.50


(ii) Given,


Principal = Rs.3000


Rate = 18%


Time = 2 years


Compound interest =


=


Amount = Principal + compound interest


= 3000 + 1177.20 = Rs.4177.20


(iii) Given,


Principal = Rs.5000


Rate = 10% p.a


Time = 2 years


Compound interest =


=


Amount = Principal + compound interest


= 5000 + 1050 = Rs. 6050


(iv) Given,


Principal = Rs.2000


Rate = 4% p.a


Time = 3 years


Compound interest =


=


Amount = Principal + compound interest


= 2000 + 249.72 = Rs.2249.73


(v) Given,


Principal = Rs.12800


Rate = 7% =


Time = 3 years


Compound interest =


= = Rs.3101.40


Amount = principal + compound interest


= 12800 + 3101.40 = Rs. 15901.40


(vi) Given,


Principal = Rs.10000


Rate = 20% p.a =


Time = 2 years = 2×2 = 4 quarter


Compound interest =


= 100


Amount = Principal + Compound interest


= 10000 + 4641 = Rs.14641


(vii) Given,


Principal = Rs.160000


Rate = 10% p.a =


Time = 2 years = 2×2 = 4 quarters


Compound interest =


=160000


Amount = principal + Compound interest


= 160000+34481 = Rs.194481


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