Question
What is the rate of compound interest annually?
I. An amount doubles itself in 5 years on simple interest II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400 III. Simple interest earned per annum is Rs. 2000Solution
From (I) condition 1 = 1× R × 5/100 R=20% We can find the rate. from (ii) & (iii) given -CI-SI= 400 T=2y SI=2000 r= (400/2000)00 =100/5=20%
More Compound Interest Questions
- The product of two positive numbers is 720. If one of the numbers is four times the other, then find the difference between the given two numbers.
- A number exceeds 40 times its reciprocal by 7/8. Determine the number.
- The average of five consecutive prime numbers is 11. Find the third number.
- Two numbers add up to 98. If the LCM of the numbers is 315 and the HCF is 9, find the smaller of the two numbers.
- Find the greatest 3-digit number which when divided by 11 or 16 leaves 3 as remainder.
- The product of two consecutive even integers is 960. Find the product of digits of the bigger number.
- How many numbers between 200 and 1000 are divisible by both 20 and 30?
Total of Series of n terms 1 + 1 + 3 + 1 + 3 + 5 + 1 + 3 + 5 + 7 ……………………
If 'A' = (62 - 5)2 - 40 × 24 + 19, then find the value of (0.15A) 4.
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