Question
An individual invested an amount of money in a financial
scheme that accrues compound interest at an annual rate of 30%, compounded yearly. After 2 years, the total amount accumulated to Rs. 6084. Determine the initial amount invested in this scheme.Solution
Let, the sum invested in the scheme be Rs. 'x'. ATQ, x X [1 + (30/100) ]2Â = 6084 Or, x X (13/10)Â 2Â = 6084 Or, x = (6084/1.69) Or, x = 3,600 So, the sum invested = x = Rs. 3,600
More Simple and compound interest Questions
√? = 32% of 900 + 48% of 50
 Â
Simplify-
x + 3(y + x – 2) – (x + y).
567-4824 ÷ 134 =? × 9
Find the value of the expression:
18 + 12 – 4 × [22 + 6 – 2 × (38 – 23)]- What will come in place of (?), in the given expression.
75% of 640 – 20% of 150 = ? 60 % of 640 - 57 × 2 - 1520 / 38 = ?
36 × 15 + 20% 1250 = ? + 296
Find the value of 16 x [(8 - 5) of 12 ÷ 4].
1885 ÷ 64.98 + 7.29 + ? = 69.09
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