Let the rate of interest = 'y%' p.a. Total amount received = 13000 X {1 + (y/100)}2 = 18101.2 Or, {(100 + y)/100}2 = 18101.2 ÷ 13000 = 1.3924 Or, {(100 + y)/100} = √1.3924 = 1.18 So, 100 + y = 118 So, y = 118 - 100 = 18 The sum was invested at compound interest of 18% p.a.
Amit invested ₹8000 into a SIP that earns simple interest at 12% annually for 3 years. Pawan deposited an unknown amount in a S...
"R" made certain investments with a 40% annual compound interest rate that is compounded quarterly. If, 9 months later, he receives Rs. 1,99,650, then t...
The difference between compound interest and simple interest at rate of 12% per annum for 2 years is Rs. 144. Find the simple interest obtained on same ...
Mr. Ghanshyam deposited certain amount in the Bank at the end of each year. How much amount did he deposit at the end of each year at the rate of 15% si...
A man borrows ₹12,000 at 10% per annum simple interest for 5 years. He repays ₹6,000 at the end of 3 years. What amount should he repay at the end ...
A man deposited Rs. 12000 at 10% compound interest, compounded annually while Rs. 10500 at 13% simple interest per annum. What will be the difference be...
A Motorbike can be purchased on cash payment of Rs. 30000. But the same Motorbike can also be purchased on the cash down payment of Rs 7000 and the rest...
Shivam invested 24000 at 8% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.27200. What is th...
A sum of money, invested for 6 years on 5% per annum simple interest, amounted to ₹169 on maturity. What was the sun invested?
The difference between compound interest and simple interest on a sum for 2 years at 10% per annum, when the interest is compounded annually is Rs. 25. ...
