Question
Viraj invested Rs. 3500 at 20% p.a. simple interest for
3 years. After 3 years, he invested the amount received by him at the 20% p.a. compound interest, compounded annually for another 2 years. Find the final amount received by Viraj at the end of 5 years.Solution
Amount received by Viraj after 3 years of investment = (3500 × 20 × 3)/100 + 3500 = Rs. 5600 Therefore, sum invested by Viraj at compound interest = Rs. 5600 Amount received by Viraj at the end of 5 years = 5600(1 + 0.2)2 = Rs. 8064
More Simple and compound interest Questions
1519.98 ÷ 50.48 × 15.12 = ? × 4.16
Solve the following expression and calculate the approximate value.
14.96% of 120.03 - 107.99 + 88.93% of 199.87 = ?
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
Find the approximate value of Question mark(?). There is no requirement to find the exact value.
? = 599.77 – 14.08 × 20.11 + (12.93)²
(124.99)² = ?
(29.97%) of 9840 + ? + (45.17% of 1240) = (31.99% of 11750)
10.10% of 999.99 + 14.14 × 21.21 - 250.25 = ?
(29.98% of 9840) + ? + (19.899% of 8490) = 7560
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