Mathematics
Calculate the amount and the compound interest on ₹5000 in 2 years when the rate of interest for successive years is 6% and 8% respectively.
Related Questions
A sum of ₹9600 is invested for 3 years at 10% per annum at compound interest.
(i) What is the sum due at the end of the first year?
(ii) What is the sum due at the end of the second year?
(iii) Find the compound interest earned in 2 years.
(iv) Find the difference between the answers in (ii) and (i) and find the interest on this sum for one year.
(v) Hence, write down the compound interest for the third year.
The simple interest on a certain sum of money for 2 years at 10% per annum is ₹1600. Find the amount due and the compound interest on this sum of money at the same rate after 3 years, interest being reckoned annually.