Bissoy.com
Doctors Medicines MCQs Q&A

What is the difference (in Rs) between the compound interests on Rs. 8000 for 1 year at 12% per annum compounded yearly and half-yearly?

What is the difference (in Rs) between the compound interests on Rs. 8000 for 1 year at 12% per annum compounded yearly and half-yearly? Correct Answer 28.8

GIVEN:

Principal = P = 8000

Time = 1 year

FORMULAE USED:

CIhalf yearly – CIyearly = P

CALCULATION:

CIhalf yearly – CIyearly = 8000

CIhalf yearly – CIyearly = 8000 × .0036

∴ CIhalf yearly – CIyearly = 28.8

Related Questions

The difference between compound interest and simple interest on a sum for 2 year at 20% per annum is Rs 200. If the interest is compounded halfyearly, then what is the difference (in Rs) between compound and simple interest for 1st year?
Given below are three quantities named 1, 2 and 3. Based on the given information, you have to determine the relation among the three quantities. You should use the given data and knowledge of Mathematics to choose between the possible answer. The options represent the relations among three quantities. A. < B. > C. ≤ D. ≥ E. = Quantity 1: Sumit invested Rs. X for 2 years at the rate of R% per annum simple interest. The interest obtained is Rs. 450 less than the interest obtained when the same sum is invested for 2 years at the rate of (R + 9)% per annum simple interest. Find the value of X. Quantity 2: Ankit invested Rs. Y for 2 years at the rate of 10% per annum compounded annually. The interest obtained is 795 less than the compound interest received by him when he invested a sum of Rs. 3000 for 2 years at the rate of 20% per annum compounded annually. Find the value of Y. Quantity 3: Difference of CI and SI obtained on a sum of Rs. Z when invested for 2 years at 10% per annum is Rs. 20. Find the value of Z. 
A bank offers following 4 schemes for investment. If a customer wants to invest an amount of Rs. P,  then which scheme is more beneficial for a customer after a period of 1 year?  I. Rate of invest 24% per annum compounded quarterly  II. Rate of interest 24% per annum compounded half-yearly  III. Rate of interest 24% per annum compounded annually  IV. Rate of interest 24% per annum with simple interest 
Mr A invested Rs. 15800 at 10% per annum, 15% per annum and 18% per annum for first year, second year and half yearly for the third year. He lends the amount he receives to Mr Y who invests that amount in bank at 25% per annum compound interest for 2 years. Find the amount Mr Y will receive after 2 years.
What is the difference (in Rs) between the compound interests on Rs. 1000 for 1 year at 10% per annum compounded yearly and half-yearly?
What is the difference between the compound interests on a sum Rs. 10,000 for 1 year at 10% per annum, when compounded yearly and half-yearly?
What is the difference (in Rs.) between the compound interests on Rs. 12,500 for 1 year at 8% per annum compounded yearly and half-yearly?
What is the difference (in Rs.) between the compound interests on Rs. 4000 for 1 year at 12% per annum compounded yearly and half - yearly?
What is the difference (in Rs) between the compound interests on Rs. 4000 for 1 year at 12% per annum compounded yearly and half-yearly?
The difference between the compound interest and simple interest on a certain sum for 2 years at 10 percent per annum when the interest is compounded annually is Rs. 20. If the interest were compounded half-yearly instead of annully, the difference in two interests best approximated would be: