Mathematics
Anuj and Rajesh each lent the same sum of money for 2 years at 8% simple interest and compound interest respectively. Rajesh received ₹ 64 more than Anuj. Find the money lent by each and interest received.
Related Questions
The value of a machine, purchased two years ago, depreciates at the annual rate of 10%. If its present value is ₹ 97200, find :
(i) its value after 2 years.
(ii) its value when it was purchased.
Calculate the sum of money on which the compound interest (payable annually) for 2 years be four times the simple interest on ₹ 4715 for 5 years, both at the rate of 5 percent per annum.
A sum of money was invested for 3 years, interest being compounded annually. The rates for successive years were 10%, 15% and 18% respectively. If the compound interest for the second year amounted to ₹ 4950, find the sum invested.