Mathematics
Calculate the compound interest for the second year on ₹ 15,000 invested for 5 years at 6% per annum.
Related Questions
Mohan borrowed ₹ 16,000 for 3 years at 5% per annum compound interest. Calculate the amount that Mohan would have to pay at the end of 3 years.
Rekha borrowed ₹ 40,000 for 3 years at 10% per annum compound interest. Calculate the interest paid by her for the second year.
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.
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.