Mathematics
A man borrowed ₹ 20,000 for 2 years at 8% per year compound interest. Calculate:
(i) the interest for the first year.
(ii) the interest for the second year.
(iii) the final amount at the end of the second year.
(iv) the compound interest for two years.
Related Questions
The difference between the C.I. in 1 year and compound in interest in 2 years on ₹ 4,000 at 5% per annum is:
₹ 10
₹ 210
₹ 200
₹ 410
A sum of ₹ 8,000 is invested for 2 years at 10% per annum compound interest. Calculate:
(i) interest for the first year.
(ii) principal for the second year.
(iii) interest for the second year.
(iv) final amount at the end of the second year.
(v) compound interest earned in 2 years.
Calculate the amount and the compound interest on ₹ 12,000 in 2 years at 10% per year.
Calculate the amount and the compound interest on ₹ 10,000 in 3 years at 8% per annum.