Question
'A' invests Rs.10,000 for 3 years at a certain rate of interest. At the end of the second year, it amounts to Rs.11,664. Calculate the rate of interest per annum, if interest is compounded annually.
More Compound Interest Questions
- A man invests ₹50,000 in a scheme offering compound interest at 10% per annum, compounded annually. He withdraws ₹25,000 after 2 years. If he lets the rema...
- A sum of money amounts to Rs 1024 in 4 years and Rs 1458 in 7 years at a compound rate of interest. What is the rate of interest per annum?
- Rahul invested ₹4,000 in a scheme offering a compound interest rate of 16% per annum, compounded semi-annually. Calculate the total interest earned by him ...
- Find the difference between CI and SI on ₹5000 at 10% p.a. for 2 years (annual compounding).
- At what rate percent per annum will Rs. 75,000 yields a compound interest of Rs. 6,120 in 6 months, if the interest is being compounded quarterly? Calculat...
- An amount of Rs. 'R' is invested under compound interest at an annual rate of 25%, compounded yearly. After 2 years, the investment grows to Rs. 5,625. Det...
- A sum of money is invested at a rate of 12% per annum compound interest for 2 years. If the total amount after 2 years is ₹11,520, what is the principal am...
- Sara deposited Rs. 18,000 into an investment that offers a compound interest rate of 20% per annum, with semi-annual compounding. Calculate the interest ac...
- Raman invested Rs. 70,000 in a bank offering 10% compound interest per annum for 2 years. After 2 years, he used the total amount to start a business with ...
- A man invests ₹30,000 in a scheme offering compound interest at 15% per annum, compounded half-yearly. Another man invests ₹35,000 in a scheme offering sim...
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt