Q. 94.2( 5 Votes )
Kamal borrowed Rs. 57600 from LIC against her policy at 12
% per annum to build a house. Find the amount that she pays to the LIC after 1
years if the interest is calculated half-yearly.
Answer :
Given,
Principal = Rs.57600
Rate = 12-% per annum =
Time = 1 years =
Hence,
Compound interest =
= 57600
So,
Amount that Kamal pays to LIC after 1- years = Rs.(57600 + 11489.06) = Rs.69089.06
Rate this question :






















Find the rate percent per annum, if Rs. 2000 amount to Rs. 2315.25 in an year and a half, interest being compounded six monthly.
RD Sharma - MathematicsFind the rate at which a sum of money will become four times the original amount in 2 years, if the interest is compounded half-yearly.
RD Sharma - MathematicsWhat sum will amount to Rs. 4913 in 18 months, if the rate of interest is 12% per annum, compounded half-yearly?
Rekha deposited Rs. 16000 in a foreign bank which pays interest at the rate of 20% per annum compounded wuarterly, find the interest received by Rekha after one year
RD Sharma - MathematicsFind the compound interest on Rs. 15625 for 9 months, at 16% per annum, compounded quarterly.
RD Sharma - Mathematics