Mathematics
₹ 300 and ₹ 360 are the compound interest for two consecutive years. The rate of interest is :
1.2%
12%
120%
20%
Related Questions
A manufacturer estimates that his machine depreciates by 15% of its value at the beginning of the year. Find the original value of machine, if it depreciates by ₹ 5355 during the second year.
A man borrows ₹ 10000 at 5% per annum compound interest. He repays 35% of the sum borrowed at the end of the first year and 42% of the sum borrowed at the end of the second year. How much must he pay at the end of the third year in order to clear the debt ?
A certain sum of money amounts to ₹ 5000 at the end of 5th year and to ₹ 6000 at the end of 6th year. The rate of interest is :
120%
20%
1.2%
12%
At the end of 2020, the compound interest amounted to ₹ 3850 at 10% C.I. The C.I. on the same sum and at same rate amounted at the end of 2019 was :
₹ 3500
₹ 4235
₹ 3181
₹ 3182