Mathematics
A sum of money is lent at 8% per annum compound interest. If the interest for the second year exceeds that for the first year by ₹ 96, find the sum of money.
Related Questions
₹ 10 is the difference between C.I. and S.I. in 2 years and at 5% per annum. The principal amount is :
₹ 4400
₹ 4100
₹ 4000
none of these
Calculate the difference between the simple interest and compound interest on ₹ 4000 in 2 years at 8% per annum compounded yearly.
A man invests ₹ 5600 at 14% per annum compound interest for 2 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, correct to the nearest rupee.
A man saves ₹ 3000 every year and invests it at the end of the year at 10% compound interest. Calculate the total amount of his savings at the end of the third year.