Mathematics
₹ 16,000 is invested at 5% compound interest compounded per annum. Use the table, given below, to find the amount in 4 years.
| Year | Initial amount (₹) | Interest (₹) | Final amount (₹) |
|---|---|---|---|
| 1st | 16000 | 800 | 16800 |
| 2nd | ---- | ---- | ------ |
| 3rd | ---- | ---- | ----- |
| 4th | ---- | ---- | ---- |
| 5th | ---- | ---- | ---- |
Related Questions
During the year 2022, the interest accrued at the rate of 5% is ₹ 1250. The compound interest accrued at the same rate during the year 2023 is :
₹ 1312.50
₹ 62.50
₹ 6250
₹ 2000
Rates of interest for two consecutive years are 10% and 12% respectively. The percentage increase during these two years is :
22%
23.2%
123.2%
122%
Calculate the amount and the compound interest on :
₹ 4600 in 2 years when the rates of interest of successive years are 10% and 12% respectively.