Mathematics
Mohit invests ₹ 8000 for 3 years at a certain rate of interest, compounded annually. At the end of one year, it amounts to ₹ 9440. Calculate :
(i) the rate of interest per annum.
(ii) the amount at the end of the second year.
(iii) the interest accrued in the third year.
Related Questions
For two consecutive years, a sum of money lent out at C.I. amounts to ₹ 2400 and ₹ 2760 respectively. The rate of interest is :
5%
15%
18%
10%
A certain sum amounts to ₹ 5292 in two years and ₹ 5556.60 in three years, interest being compounded annually. Find :
(i) the rate of interest
(ii) the original sum.
The compound interest, calculated yearly, on a certain sum of money for the second year is ₹ 1089 and for the third year it is ₹ 1197.90. Calculate the rate of interest and the sum of money.
A sum is invested at compound interest compounded yearly. If the interest for two successive years be ₹ 5700 and ₹ 7410, calculate the rate of interest.