Correct option is D
Given: Rs. 12,000 doubles in 5 years.
So, in 20 years:
5 years → 2×
10 years → 4×
15 years → 8×
20 years → 16×
Final amount = 12000×16=192000.
A sum of Rs. 12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become:
Given: Rs. 12,000 doubles in 5 years.
So, in 20 years:
5 years → 2×
10 years → 4×
15 years → 8×
20 years → 16×
Final amount = 12000×16=192000.
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?
What sum (in ₹) will earn a simple interest of ₹840 in 3 years at 20% per year rate of interest?
Navjot invested a sum of ₹48,800 at 10% per annum for 1 year on compound interest (interest is compounded half-yearly). Find the amount received by him.
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The rates of simple interest in two Nationalized banks are in the ratio 3:2. Rani wants to deposit her total savings in two banks in such a way that she receives equal quarterly interest from both. She should deposit the savings in bank A and B in the ratio
In how much time will a sum of money ₹7500 earn an interest of ₹150 at the rate of 4% per annum simple interest?
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