Correct option is D
Composite compound interest for 2 years=
Required interest = 20000×44/100=Rs. 8800
Composite compound interest for 2 years=
Required interest = 20000×44/100=Rs. 8800
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.
Simple interest of ₹375 is obtained on a sum of money for a period of 3 years at a rate of 2% per annum. Find the sum (in ₹).
The amount doubles itself under Compound interest in 15 years. In how many years will it become 256 times of itself at the same rate of interest?
A sum amounts to ₹ 9075 in years at 15% p.a, interest compounded 8-monthly. What is the simple interest (in ₹) on the same sum for the same period and at the same rate of interest ?
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?
A loan of ₹21600 is to be paid back in two equal annual instalments. If the rate of interest is 16% p.a. compounded yearly, then the total interest charged is
Which sum will provide a compound interest of ₹1020 in 2 years at 4% per annum interest compounded annually?
A man borrowed ₹1000 for 3 yrs and ₹1500 for 4 yrs at same simple interest rate. Total interest = ₹1350. Find rate.
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