Question
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 at the end of the second year to clear his debt?
More Compound Interest Questions
- 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...
- What will be the CI on a sum of Rs.50,000 after 3 years at the rate of 11%p.a?
- Krishna lends ₹48000 to Neelam for a year at 25% interest per annum, compounded half yearly. Find the interest that must be paid by Neelam.
- Compound interest on a certain sum of money for 2 years is Rs.2660 while the simple interest on the same sum for the same time period is Rs.2500. Find the ...
- Rs. (3y + 600) is invested at 40% p.a. compound interest, compounded annually for 2 years, and earns an interest of Rs. (4y - 1200). Determine the value of...
- A person invests ₹20,000 in a scheme that offers 8% compound interest annually. How much will the investment grow to after 3 years?
- What will be the CI on a sum of Rs.80,000 after 3 years at the rate of 10%p.a?
- Raj invests a certain amount, which grows to Rs. 7,200 at the end of 2 years and further increases to Rs. 8,640 at the end of 3 years, at a specific annual...
- Find the compound interest on Rs 10,000 at 8% per annum, compounded half-yearly, for 1.5 years.
- 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?
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