Correct option is A
Given:
Principal = ₹30,000 at a 7%
Compound interest = ₹4347
Solution:
P =30,000
Interest of First Year = 2100
Interest of Second Year = 2100 +
Total interest of two years = 2100 + 2100 + 147 = ₹ 4347
Time period = 2 years
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Question
If the compound interest on ₹30,000 at a 7% annual interest rate is ₹4347, what is the time period?
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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:
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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:
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The compound interest on ₹2,000 for one year at 10% per annum, compounded half-yearly, is
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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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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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Find the compound interest on ₹ 31250 for 9 months at 16% per annum when the interest is calculated quarterly.
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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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