Mathematics
A sum of ₹ 20,000 is lent at 12% compound interest compounded yearly. The compound interest accrued in the second year will be :
₹ 4800
₹ 288
₹ 2688
₹ 5088
Related Questions
The compound interest on ₹ 5000 at 10% per annum and in 6 months amounts to :
₹ 5500
₹ 250
₹ 600
₹ 2500
The compound interest on ₹ 5000 at 10% per annum and in one year compounded half-yearly is :
₹ 1050
₹ 525
₹ 512.50
₹ 5512.50
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%