Mathematics
Find the sum on which the difference between the simple interest and the compound interest at the rate of 8% per annum compounded annually be ₹ 64 in 2 years.
Related Questions
On a certain sum of money, invested at the rate of 10 percent per annum compounded annually, the interest for the first year plus the interest for the third year is ₹ 2,652. Find the sum.
During every financial year, the value of a machine depreciates by 12%. Find the original cost of a machine which depreciates by ₹ 2640 during the second financial year of its purchase.
A sum of ₹ 13500 is invested at 16% per annum compound interest for 5 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, correct to the nearest rupee.
Saurabh invests ₹ 48000 for 7 years at 10% per annum compound interest. Calculate :
(i) the interest for the first year.
(ii) the amount at the end of second year.
(iii) the interest for the third year.