Mathematics
Nikita invests ₹ 6,000 for two years at a certain rate of interest compounded annually. At the end of the first year, it amounts to ₹ 6,720. The rate of interest p.a. is:
8%
10%
12%
14%
Related Questions
The compound interest for the second year on ₹ 8,000 invested for 3 years at 10% p.a. is:
₹ 780
₹ 880
₹ 890
₹ 1,080
A person took a loan of ₹ 6,000 from a bank and agreed to pay back the amount along with interest in 2 years. If the rate of compound interest for the first year is 10% and second year is 12%, the amount he had to pay after 2 years will be:
₹ 7,329
₹ 7,932
₹ 7,292
₹ 7,392
The compound interest on ₹ 8,640 for 3 years at 8% p.a. is:
₹ 2,345
₹ 3,245
₹ 3,425
₹ 3,452
If the interest is compounded half-yearly, then, C.I. when the principal is ₹ 7,400, the rate of interest is 5% p.a. and the duration is one year, is:
₹ 373.63
₹ 374.63
₹ 373.36
₹ 373