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 = | |||||||||
Calculate compound interest if principal = Rs 10,000, rate of interest 8 % , time period is 1 year 3 months. 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 | |||
Find the compound interest on Rs 24,000 at 15% p.a for | |||
| Right Option : D | |||
| View Explanation | |||
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8thIn 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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7thUsually we see institutes offering objective based learning which usually causes a lag behind in subjective examinations which is the pattern followed by schools. I think it is really a work of planning to make us students grab the advantages of modes of examination, Objective Subjective and Onli...
