Mathematics
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.
Related Questions
Calculate the compound interest on ₹ 5,000 in 2 years, if the rates of interest for successive years are 10% and 12% respectively.
Calculate the compound interest on ₹ 15,000 in 3 years; if the rates of interest for successive years are 6%, 8% and 10% respectively.
Rekha borrowed ₹ 40,000 for 3 years at 10% per annum compound interest. Calculate the interest paid by her for the second year.
Calculate the compound interest for the second year on ₹ 15,000 invested for 5 years at 6% per annum.