Mathematics
Find the sum invested at 10% compounded annually, on which the interest for the third year, exceeds the interest of the first year by ₹ 252.
Related Questions
Geeta borrowed ₹ 15000 for 18 months at a certain rate of interest compounded semi-annually. If at the end of six months it amounted to ₹ 15600; calculate :
(i) the rate of interest per annum.
(ii) the total amount of money that Geeta must pay at the end of 18 months in order to clear the account.
₹ 8000 is lent out at 7% compound interest for 2 years. At the end of the first year ₹ 3560 are returned. Calculate :
(i) the interest paid for the second year.
(ii) the total interest paid in two years
(iii) the total amount of money paid in two years to clear the debt.
A man borrows ₹ 10000 at 10% compound interest compounded yearly. At the end of each year, he pays back 30% of the sum borrowed. How much money is left unpaid just after the second year ?
A man borrows ₹ 10000 at 10% compound interest compounded yearly. At the end of each year, he pays back 20% of the amount for that year. How much money is left unpaid just after the second year ?