Question
If a sum of Rs. 6,500 is to be borrowed for 2 years at 10% per annum compounded half-yearly, find the compound amount (integer values only).
R= (34481/160000) ×100=.21550×100=21.55% Now interest =(6500×21.55)/100=1400.75=1400Rs(approx.) Compound amount =6500+1400=7900.More Simple and compound interest Questions
- If Rs. 15000 is invested at 14% per annum, compounded yearly, calculate the interest earned in one year.
- A principal amount of ₹5p grows to ₹(5p + 660) in 2 years at an annual interest rate of 20% compounded yearly. Determine the compound interest earned when ...
- 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, c...
- If a certain sum becomes 5 times of itself in 2 years when invested at certain rate (per annum) of simple interest, then find the rate of interest.
- A person 'P' invested Rs. 'a' in a simple interest (SI) SIP 'X' for 3 years at an annual interest rate of 10%. They also invested Rs. (a + 100) in a compou...
- A certain sum was invested at simple interest. After 5 years, it became (117/ ninety) times the amount it had reached in 3 years. Find the annual rate of i...
- Rama and Dipak each invested a sum of ₹8000 for a period of two years at 15% compound interest per annum. However, while for Rama the interest was compound...
- At simple interest, a sum becomes double of itself in 8 years. In how many years will it become 2.75 times of itself at the same rate?
- The time required for a sum of money to amount to five times itself at 16% simple interest p.a. will be
- Anjali invested Rs.10000 in a scheme offering compound interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from the...
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
