Question
P deposited ₹31250 in a bank at the rate of 8%
compound interest compounded annually. Find the interest received by P after 3 years.Solution
Interest received after 3 years = 31250 {(1 + 8/100) 3 - 1} = Rs 8116
More Simple and compound interest Questions
- Find the wrong number in the given number series.
5, 10, 20, 35, 80, 160 - Find the wrong number in the given number series.
2, 10, 12, 36, 38, 34 Find the wrong number in the given number series.
30, 17, 19, 30.5, 64, 164.5
121 127 133 142 160 206
...6.5, 11, 22, 25.5, 51, 54.5
- Find the wrong number in the given number series.
25, 36, 29, 40, 33, 50 123, 155, 198, 246, 301, 363
14, 16, 22, 46, 172, 886
12, 18, 40, 90, 270, 945
Find the wrong number, in the given number series,
1680, 840, 2520, 630, 3150, 475
