Find the compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being cmpounded half-yearly.
823
824.32
798.67
800
B. 824.32
Principal = Rs. 10000; Rate = 2% per half-year; Time = 2 years = 4 half-years.
Amount =Rs [10000 * (1+(2/100))4] = Rs(10000 * (51/50) * (51/50) * (51/50) * (51/50))
= Rs. 10824.32.
:. C.I. = Rs. (10824.32 - 10000) = Rs. 824.32.
The difference between the compound interest and simple interest on a certain sum at 10% per annum for 2 years is Rs. 631. Find the sum.
53,100
52,900
63,100
64,500
If the compound interest on a certain sum at 16 (2/3)% to 3 years is Rs.1270, find the simple interest on the same sum at the same rate and f or the same period.
1080
1089
2345
1908
3109
3210
3901
1309
34 years
37 years
45 years
47 years
A sum of money amounts to rs.6690 after 3 years and to rs.10,035 after 6 years on compound interest. Find the sum.
3467
4560
4460
7890
1261
1234
1256
1287
1 year
4 year
3 year
6 year
10%
12%
13%
15%
512
612
712
812
If Rs. 500 amounts to Rs. 583.20 in two years compounded annually, find the rate of interest per annum.
7%p.a
8%p.a
9%p.a
10%p.a
5400
6400
7400
8767
Find the compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being cmpounded half-yearly.
823
824.32
798.67
800
Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, Compounded quarterly.
2344
2455
3244
2522