Mathematics
Mr. Raina deposits ₹ 1,600 in a bank every year in the beginning of the year, at 5% per annum compound interest. Calculate the amount due to him at the end of 2 years. Also find his gain in two years.
Related Questions
A man borrows ₹6000 at 5% compound interest. If he repays ₹1200 at the end of each year, find the amount outstanding at the beginning of the third year.
Mr. Dubey borrows ₹100000 from State Bank of India at 11% per annum compound interest. He repays ₹41000 at the end of first year and ₹47700 at the end of second year. Find the amount outstanding at the beginning of the third year.
Jaya borrowed ₹50000 for 2 years. The rates of interest for two successive years are 12% and 15% respectively. She repays ₹33000 at the end of first year. Find the amount she must pay at the end of second year to clear her debt.