Mathematics
Find the amount and the compound interest on ₹50000 for years at 8% per annum, the interest being compounded semi-annually.
Related Questions
A man invests ₹5000 for three years at a certain rate of interest, compounded annually. At the end of one year it amounts to ₹5600. Calculate :
(i) the rate of interest per annum.
(ii) the interest accrued in the second year.
(iii) the amount at the end of the third year.
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.
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.