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 1years 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?

RD Sharma - MathematicsRekha 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