Question
Suresh placed Rs. 6,000 into an investment plan that
accrues compound interest at an annual rate of 15%, compounded yearly. Calculate 80% of the compound interest earned after two years.Solution
Compound interest received by Suresh = 6000 × {1 + (15/100)}2 – 6000 = 6000 × 1.152 – 6000 = 7935 – 6000 = Rs. 1,935 So, 80% of the compound interest received = 1935 × 0.8 = Rs. 1,548
Rs. 13000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 10 less than the i...
Rs. 28000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 40 less than the i...
Rs. 12000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 20 less than the i...
Mr. P invested Rs. ‘2x’ in scheme ‘A’ offering simple interest of 20% p.a. and reinvested the interest earned from scheme ‘A’ at the end of ...
A sum of money amounts to ₹8700 in 2 years at a simple interest rate of 8% per annum. If the same sum is invested at compound interest with the same r...
Simple interest received at the rate of 15% p.a. for 2 years on a principal amount of Rs. 9000 is twice of the simple interest received at 10% p.a. for ...
Hemant invested Rs. ‘y’ at the rate of (r+2)% per annum on simple interest and after four years Rs. 27520 was obtained as an interest. If Rs. (y+250...
Simple interest received at the rate of 16% p.a. for 7 years on a principal amount of Rs. 4500 is twice of the simple interest received at 10% p.a. for ...
- The total amount received on a certain sum of money at the rate of interest of 15% per annum compound interest after 3 years is Rs. 36501. What was the pri...
The simple interest received on a sum is 25/36 of the sum. The number of years is equal to the annual rate of interest. What is the annual rate of inte...
Relevant for Exams:
