Question
A sum of money amounts to Rs 250 in 4 years and Rs 432
in 7 years at a compound rate of interest. What is the rate of interest per annum?Solution
Rate of interest = (difference of amount)/(first amount)× 100 = (6 - 5)/5 × 100 = 20% per annum
More Compound Interest Questions
What will be the next number in the series?
2, 7, 23, 70, ?
56. 23 45 89 177 363 705
...5 29 ? 569 1703 3401
...120 119 ? 352 2464 2455
...Select the number from among the given options that can replace the question mark (?) in the following series.
2, 6, 12, 20, ?, ?
97 106 121 138 157 180
...2, 12, 36, 80, ?, 252
102 153 306 765 ? 8032.5
...D irection: Which of the following will replace ‘?’ in the following series
300, 300, 301, 303, ‘?’, 324, 364
...261 256 246 231 211 ?
...
