Correct option is C
Given:
Rate of interest = 5%
Equal installment = ₹882
Time = 2 years
Formula Used:
In case of compound interest
Borrowed money =
Where x is the installment
Solution:
= 840 + 800
= ₹1640
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Question
A sum is borrowed for two years at the rate of 5% compound interest per annum, compounded annually. If it is paid back in two equal annual instalments of ₹882, then the sum borrowed is:
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- 1)
Jaspreet deposited a sum of ₹28,450 at 20% rate of interest per annum, compounded annually. The total amount received by Jaspreet after 2 years is:
- 2)
The amount on a sum of ₹2,800 at the rate of 5% per annum compound interest, compounded annually, in 2 years will be:
- 3)
The compound interest on ₹2,000 for one year at 10% per annum, compounded half-yearly, is
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Similar Questions
- 1)
Jaspreet deposited a sum of ₹28,450 at 20% rate of interest per annum, compounded annually. The total amount received by Jaspreet after 2 years is:
- 2)
The amount on a sum of ₹2,800 at the rate of 5% per annum compound interest, compounded annually, in 2 years will be:
- 3)
The compound interest on ₹2,000 for one year at 10% per annum, compounded half-yearly, is
- 4)
If a sum of money placed at compound interest doubles itself in 2.5 years. In how many years will it become eight times the original sum at the same rate?
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A sum of ₹12,000 is invested for 2 years at a certain rate of interest, compounded annually. Had it been invested at a rate 2% higher, it would have earned ₹ 504 more. The original rate of interest is
- 6)
The compound interest on a sum of ₹ 15000 at 4% per annum for 3 years compounded annually is
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Mohit borrowed some money from Kamal at 5% per annum compound interest. If after 2 years, he paid ₹ 768.75 as compound interest, he borrowed :
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On an amount of ₹2,00,000, a bank gives ₹1,04,175 as interest in 3 years. If the interest is compounded annually, then what is the interest rate per annum?
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