Question
Compound interest received after 2 years on ₹7000 at R% rate of interest compounded annually is ₹1164.8. Find the value of R.
More Simple and compound interest Questions
- The simple interest on a sum of Rs X in 5 years is 4/5 of the principal. What is the annual rate of interest?
- A person invested Rs. 50,000 in scheme A that offers simple interest at 25% p.a. Four years later, they withdrew Rs. x from scheme A and placed it in schem...
- 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 4 years in sche...
- A sum of ₹2,00,000 is invested for 3 years at a compound interest rate of 5% for the first year, 7% for the second year, and 10% for the third year. Calcul...
- If a sum of money doubles in 5 years at simple interest, what is the rate of interest per annum?
- Rs. 8800 is invested in scheme ‘A’ for a year at simple interest of 20% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in scheme ‘B’ ...
- Simple interest on a sum at 8% per annum for 3 years is Rs. 1920. What is the principal?
- A man invests a sum of (6000 + 200x) rupees at 10% p.a. simple interest for 2 years. If he had invested the same sum at 12% p.a. simple interest for 2 year...
- Anil initiated his financial journey by investing Rs. 7500 in a Contra fund, which offered a simple interest rate of 18% per annum for a duration of 2 year...
- An amount of Rs. 3,000 is invested for 2 years at a compound interest rate of 10% per annum. The interest gained is used to buy an item. If the item is 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