Question
span >A borrows Rs 8000 from B at 15% p.a compound interest compounded annually. At the end of every year he pays Rs 1500 and at the end of 3rd years he pays all the amount, how much amount does he pay at the end of the 3rd year?
More Simple and compound interest Questions
- Mandeep took a loan of Rs. 7,300 from his friend Sandeep on 16th March. The loan accrues simple interest at an annual rate of 20%. Calculate the total amou...
- A certain sum of money becomes 4500 in 6 years and Rs. 5500 in 10 years at any certain rate of simple interest. Find the principal amount.
- A certain sum when invested for 3 years in a scheme offering simple interest of 20% p.a. gives an interest of Rs. 1470. What is 130% of the sum invested?
- A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2400 after 4 years. If the same amount is invested a...
- Rahul secures a loan amounting to Rs. 8,800 from a bank, which charges an annual simple interest rate of 20%. He then allocates this sum into an investment...
- Akshay invested Rs. 1050 in two schemes P and Q in the respective ratio of 5:2. Scheme P and Q are offering simple interest at the rate of 8% per annum and...
- The interest earned on investing Rs. 4000 for 2 years at the rate of 10% p.a., compounded annually, is used to purchase an article. If the article is later...
- A Motorbike can be purchased on cash payment of Rs. 30000. But the same Motorbike can also be purchased on the cash down payment of Rs 7000 and the rest ca...
- The simple interest on a sum of money is 8/25 of the sum. If the number of years is numerically half the rate per annum, then find the rate percent per ann...
- A sum of money invested for 2 years at 20% compounded annually and similar money invested for 3 years on simple interest at 10% per annum. If the differenc...
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
