A certain sum amounts to Rs 15,500 in 2 years at 12 p a simple interest The same sum will amount to what in 1 years at 10 p a , if the interest is compounded half yearly (nearest to Re 1) (A) Rs 14,470 (B) Rs 15,125 (C) Rs 14,360 (D) Rs 13,460

Question: A certain sum amounts to Rs. 15,500 in 2 years at 12% p.a. simple interest. The same sum will amount to what in 1 years

A certain sum amounts to Rs. 15,500 in 2 years at 12% p.a. simple interest. The same sum will amount to what in 1½ years at 10% p.a., if the interest is compounded half yearly (nearest to Re. 1)?

(A) Rs. 14,470

(B) Rs. 15,125

(D) Rs. 13,460

Step by Step Solution

★★★★★

3.50 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Answer A Solution Given Simple Interest Amount Rs 15500 Rate ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-4. Ivan and Irene paid the following in 2012 (all by check or can otherwise be...

Highlight/Bold the correct option (s): 1. Which of the following is NOT an example of corporate social responsibility? a. Providing one-day free health facilities by a local private hospital in...

MULTIPLE CHOICE 1 Using the recurrence relation t0 = 8, tn+1 = tn + 9, the sixth term would be: A 2 15 B 17 C 23 D 53 E 62 A canoe costs $40 to hire for the first day and $30 for each extra day. If...

2/12/2017 Unit 1 Homework Assignment (2.1, 2.2, 2.3, 2.4) WebAssign Unit 1 Homework Assignment (2.1, 2.2, 2.3, 2.4) (Homework) Current Score : 2 / 40 Shadi Hanna MAT230, section MAT230.30 MOD3 2017,...

Question :- KPMG Taseer Hadi & Co. as the Auditors of the Company for the year 2019, subject to Shareholders' approval at the next AGM to be held on April 09,2019. Holding Company Through its wholly...

Question:- KPMG Taseer Hadi & Co. as the Auditors of the Company for the year 2019, subject to Shareholders' approval at the next AGM to be held on April 09, 2019. Holding Company Through its wholly...

P11 rest to follow, thanks. If possible, due within 72 hours. Practical 11 - step by step please 1. A R1 000 is deposited inh a bank in May and withdrawn in October the same year. Find the future...

Practical 11 - step by step please 1. A R1 000 is deposited inh a bank in May and withdrawn in October the same year. Find the future value if the interest rate is 10% simple interest. 2.. An amount...

Elgin Battery Manufacturers had sales of $900,000 in 2006 and their cost of goods sold represented 65 percent of sales. Selling and administrative expenses were 9 percent of sales. Depreciation...

Choosing between two projects with acceptable payback periods Shell Camping Gear, Inc. , is considering two mutually exclusive projects. Each requires an initial investment of $100,000. John Shell,...

As external factors in today s economy change, the once - retired workforce is returning to work. Explain credentials that an organization may need to consider with this workforce. What value does...

63. How many milliliters of a soft drink are contained in a 12.0-oz can?

Vitaminwatersounds healthy, right? Although Vitaminwater has vitamins, it also has thirty-three gramsthats two heaping tablespoons of sugar, making it not much better than a soda. Vitaminwater, owned...

PowerPoint presentation on the topic of data science for business leader executive program

Write a function named "count digits" in C which count the digits of a given number using recursion. Test Data: Input: 540 Output: 2

You have been asked to provide advice to the Secretary of the Interior on a new wildlife reserve, called Foggy Bottom Park. The park has a total area of 100 acres and the annual maintenance cost...

Companies that provide services to indirect exporters in addition to activities directly related to clients exporting activities are called

In June of 2012, Maureen's house is vandalized during a long-term power failure after a hurricane hit the city. The president of the United States declares Maureen's city a disaster area as a result...

On July 1, 2012, Ted, age 73 and single, sells his personal residence of the last 30 years for $365,000. Ted's basis in his residence is $35,000. The expenses associated with the sale of his home...

Brian and Kim have a 12-year-old child, Stan. For 2012, Brian and Kim have taxable income of $52,000, and Stan has nonqualifying dividend income of $4,500 and investment expenses of $250. No election...

What price should Vencap offer for the investment opportunity described in Problem 1 if it requires a 17% return on investment? In Problem 1 Vencap Enterprises is evaluating an investment opportunity...

Wildcat Drilling Contractors Inc. is considering the acquisition of a new deep-drilling rig at a cost of $12 million. With this added drilling capability, the companys net operating profits would...

A college can purchase a telephone system for $30,000 or lease a system for five years for a front-end charge of $3000 and regular payments of $1500 at the beginning of every quarter (including the...