Question
Amit deposited Rs. 15,000 into an investment with a 12% annual compound interest rate for a duration of two years. Calculate the total interest earned by Amit.
More Compound Interest Questions
- What will be the CI on a sum of Rs.50,000 after 3 years at the rate of 11%p.a?
- What is the compound interest on a sum of Rs 12,000 for 2(5/8) years at 8% p.a., when the interest is compounded annually? (nearest to a rupee)
- A sum of money amounts to ₹12,960 in 2 years at compound interest. If the rate of interest is 10% per annum, what is the principal amount?
- At what percentage rate, compound interest compounded annually for a sum of ₹40,000, will amount to ₹44,100 in two years?
- What will Rs. 40,000 amounts to in 3 years at the rate of 20% p.a., if interest is compounded yearly?
- Digvijay takes a loan of ₹25,000 at an annual compound interest rate of 10%. He repays ₹4,000 at the end of each year. How much should he pay at the end of...
- A sum of ₹20,000 is invested at an annual interest rate of 10% compounded half-yearly. What will be the total amount after 2 years?
- A sum of ₹10000 is invested at compound interest for 2 years. If the interest rate is 5% per annum, what is the total amount after 2 years?
- Question 9
- Find the compound interest on Rs. 5000 at 12% per annum for 2 years, compounded annually.
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