Question
If Rs. 25,000 is loaned at a
compound interest rate of 50% per annum, and the interest is compounded once every year, what will the amount be after 2 years?Solution
ATQ, Using the compound interest formula: Amount =Â 
Amount after 2 years = 25,000 ×[1+ (50/100)]2 = 25,000 × (1.5)2 = Rs.56,250
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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