Correct option is D
Given:
Future Value (A) = ₹338
Time (t) = 2 years
Rate of interest (r) = 4% per annum (compounded annually)
Formula Used:
P =
Solution:
P =
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Question
The present worth of ₹338 due in 2 years at 4% per annum compound interest 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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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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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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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?
- 5)
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
- 7)
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 :
- 8)
Find the compound interest on ₹ 31250 for 9 months at 16% per annum when the interest is calculated quarterly.
- 9)
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?
- 10)
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.
