Mathematics
A person invests ₹ 5,000 for two years at a certain rate of interest compounded annually. At the end of one year, this sum amounts to ₹ 5,600. Calculate:
(i) the rate of interest per annum.
(ii) the amount at the end of the second year.
Related Questions
Calculate the compound interest for the second year on ₹ 15,000 invested for 5 years at 6% per annum.
A man invests ₹ 9,600 at 10% per annum compound interest for 3 years. Calculate:
(i) the interest for the first year.
(ii) the amount at the end of the first year.
(iii) the interest for the second year.
(iv) the interest for the third year.
Calculate the difference between the compound interest and the simple interest on ₹ 7,500 in two years and at 8% per annum.
Calculate the difference between the compound interest and the simple interest on ₹ 8,000 in three years at 10% per annum.