Question
A sum becomes 2.89 times ot itselt in 2 years when invested at compound interest (compounded annually). What is the annual rate of interest?
More Simple and compound interest Questions
- The compound interest (compounded annually) on Rs 8200 for 2 years at R% p.a is Rs 1722. Had the rate of interest been (R+10)% p.a what would have been the...
- Ramesh invested Rs. 8,000 in scheme ‘X’ offering simple interest of 15% p.a. After 3 years, he reinvested the total interest earned from scheme ‘X’ in sche...
- A sum of money doubles itself in 8 years in how many years it will be 5 times?
- Aman invested Rs. 'a' and Rs. (a + 2100) in SIP 'P' and 'Q', respectively, in a way that the amounts received from both SIPs after 2 years are equal. If SI...
- A sum is invested at a certain rate (p.a.) of compound interest (compounded annually). The interest earned after 1st year and after 2 years of investment i...
- A man invests a total of Rs 10,000 in two schemes: I) Scheme A: Simple interest at 10% p.a. for 2 years. II) Scheme B: Compound interest at 20% p.a., com...
- Two cousins, P and Q, made investments in two separate SIPs with different simple interest rates of 12% per annum and 15% per annum, respectively. After 4 ...
- How much time will it take for an amount of Rs.2000 to yield Rs. 640 as interest at 8% p.a. of SI?
- Find the simple interest on ₹5000 at 7% p.a. from 10 March 2023 to 24 May 2023.
- Amit invested Rs. 20,000 at simple interest of 10% p.a. If he withdrew Rs. 4,000 after every one year, then find the total interest earned by Amit at the e...
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