Question
A person invested ₹15000 in a scheme for 3 years at 8% compound interest, compounded annually. After 3 years, the person decided to withdraw the amount and reinvested it at 5% compound interest, compounded annually, for another 2 years. What will be the total amount after 5 years?
More Compound Interest Questions
- What will Rs. 40,000 amounts to in 3 years at the rate of 20% p.a., if interest is compounded yearly?
- Find the compound interest on Rs. 10,000 at 10% per annum for 2 years, compounded annually.
- The compound interest on Rs. 30,000 at 7%per annum for n years is Rs. 4347. The value of n is
- A invest Rs. X at 10% compound interest for 3 years. If difference between the interest of 3rd year and 2nd year is Rs. 1210, find the value of X.
- The compound interest (compounded annually) on a certain amount for 2 years is Rs. 2415. If the annual rate of interest is 10%, what is the principal amoun...
- What is the difference between the compound interest, when interest is compounded 5-monthly, and the simple interest on a sum of ₹12,000 for 1(1/4) years a...
- Find the compound Interest on Rs. 16,000 @15 % p.a for 2 years 4 month Compounded annually?
- 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?
- An article is marked 35% above its cost. If a profit of 20% is earned by selling the article, then the discount per cent offered on the marked price of the...
- The difference between CI (annual) and SI on a certain amount at 15% p.a. for 2 years is Rs. 450. Determine the amount.
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
