Question
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 in 24 months.
More Compound Interest Questions
- For 2 years at 12.5% p.a. (compounded yearly), CI exceeds SI by Rs. 312.5. Find the sum.
- The C.I on a sum of Rs. 6400 becomes Rs. 1276.5625 in 9 months. Find the rate of interest, if the rate of interest is compounded quarterly?
- A man borrowed ₹10,000 at an interest rate of 12% per annum compounded annually. He repaid ₹4,000 at the end of the first year. What amount should he pay a...
- 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...
- Sri Gupta borrowed a sum at compound interest. What is the amount returned in 2 years ? I. The simple interest incurred on the sum in 1 year is 1200. II....
- A sum of money amounts to Rs. 10800 in 2 years at compound interest compounded annually at the rate of 20% per annum. What is the principal?
- In 3 years, Rs. 6000 amounts to Rs. 7986 at certain rate of compound Interest, compounded annually. Find the rate %?
- Find the compound interest on Rs. 10,000 at 10% per annum for 2 years, compounded annually.
- The difference between CI (annual) and SI on a certain amount at 15% p.a. for 2 years is Rs. 450. Determine the amount.
- A person invested 6,000 in a bank at compound interest compounded annually. After 3 years, the sum became 7,986. What was the rate of interest?
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
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)