Compound Interest Time in Fractions
Compound Interest Time in Fractions
Calculating Compound Interest When Time is Given in Fractions: When time is given as improper fraction, we first convert it into mixed fraction. The wehole number is used as its in the formula for compound Interest. and for the fraction part we will divide the rate with the fraction. Let the principal be P and Rate is considered as R and suppose the time period is 15/4 years. then For Example:Reena borrowed 16000 at 12% rate of interest 4/3 years. Calculate the amount she had to pay in the end. P= 16000 Rs R= 12 % T= 4/3 = | |||||||||
Find the compound interest on Rs 24,000 at 15% p.a for | |||
| Right Option : D | |||
| View Explanation | |||
Find the amount if Rs 2500 at rate of interest 6 % when time period is 1 year 4 months. The amount is compounded annually | |||
| Right Option : C | |||
| View Explanation | |||
An amount of 12000 is deposited in a bank at 10% p.a for 2 years and 6 months compounded per annum. Find the value of the relation | |||
| Right Option : C | |||
| View Explanation | |||
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8thThird consective year,my ward is in Abhyas with nice experience of admin and transport support.Educational standard of the institute recumbent at satisfactory level. One thing would live to bring in notice that last year study books was distributed after half of the session was over,though study ...
Ayan Ghosh
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Om Umang
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Ayan Ghosh
8thAbhyas institute is one of the best coaching institute in the vicinity of Ambala Cantt area. The teachers of the institute are well experienced and very helpful in solving the problems of the students.The good thing of the institute is that it is providing extra classes for the students who are w...
Aman Kumar Shrivastava
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Aman Kumar Shrivastava
10thIn terms of methodology I want to say that institute provides expert guidence and results oriented monitering supplements by requsite study material along with regular tests which help the students to improve their education skills.The techniques of providing education helps the students to asses...
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10thAbhyas academy is great place to learn. I have learnt a lot here they have finished my fear of not answering.It has created a habit of self studying in me.The teachers here are very supportive and helpful. Earlier my maths and science was good but now it has been much better than before.
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