Question
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?
More Compound Interest Questions
- The difference between the compound interest and simple interest on a sum of money for 2 years at 10% per annum is Rs 200. What is the principal?
- Two trains start from points A and B, 300 km apart, and travel towards each other. Train 1 starts from A at 60 km/h, while Train 2 starts from B at 40 km/h...
- The compound interest on a certain sum in 2.5 years at 10% p.a., interest compounded yearly, is 1,623. The sum is:
- What is the compound interest on ₹10,000 at 10% per annum for 3 years, compounded annually?
- What will Rs. 40,000 amounts to in 3 years at the rate of 20% p.a., if interest is compounded yearly?
- Determine the compound interest earned on a principal amount of Rs. 10,000, which is invested at an annual interest rate of 42%, with interest being compou...
- Question 7
- Investing Rs. (4z + 400) at 20% p.a. compound interest for 3 years yields an interest of Rs. (5z - 800). Find the value of ‘z’.(Can calculate approximate v...
- A sum becomes Rs. 9680 in 2 years at compound interest compounded annually at 10% per annum. Find the principal.
- Question 10
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)