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Amount received by Virendra after 3 years of investment = (2600 × 20 × 3)/100 + 2600 = Rs. 4160 Therefore, sum invested by Virendra at compound interest = Rs. 4160 Amount received by Virendra at the end of 5 years = 4160(1 + 0.2)2 = Rs. 5990.4
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A certain sum of money invested at R% p.a. fetches a compound interest (compounded annually) of 1400 and simple interest of Rs.1250 at the end of 2 year...
Raj invested Rs. ‘5y’ in scheme ‘C’ offering simple interest of 20% p.a. and reinvested the interest earned from scheme ‘C’ at the end of 3 ...
John invested Rs. (P-4000) and Rs. (P+5000) in scheme A and scheme B respectively. The rate of interest in scheme A and B is (R+1)% and (R-1)% respectiv...
A sofa of MRP 2500 is available in Rs.500 cash down payment and 9 monthly equal installment of Rs.250 each. Find the rate of interest per annum.
