13 questions
Find the amount and the Compound Interest on rs.7000 At 5%p.a for 2 years
A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1stJanuary and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is
120
122
12300
121
On a certain sum the compound interest for 2 year is Rs. 2172. If the rates of interest for successive years are 6% and 8% per year then find the sum.
Rs.1243
Rs.15001
Rs.15000
none
What sum will amount to Rs.2782.50 in 2 years at compound interest if the rates are 5% and 6% for the succesive years.
One and a half
Half
None
What sum of money will amount to Rs.3630 in two years at 10% per annum Compound interest.
300
3000
40000
None
Formula revisions.....
You want to
You dont want
Simple interest
S.I- P*R*F
SI-P*R*T
None
Amount
A- P+R
A- S-L
A- P+I
Amount
A- P(1+r/100)n
A-P(1+r/100)
none
Money borrowed or lent called
It is the time for which money is borrowed
It is interest paid on Rs.100 for a specific time or period
Difference between Amount(final) and principal(original) is called