Mathematics
On what sum of money will the difference between the compound interest and simple interest for 2 years be equal to ₹25 if the rate of interest charged for both is 5% p.a.?
Related Questions
What sum will amount to ₹2782.50 in 2 years at compound interest, if the rates are 5% and 6% for the successive years?
A sum of money is invested at compound interest payable annually. The interest in two successive years is ₹225 and ₹240. Find :
(i) the rate of interest.
(ii) the original sum.
(iii) the interest earned in the third year.
The difference between the compound interest for a year payable half-yearly and the simple interest on a certain sum of money lent out at 10% for a year is ₹15. Find the sum of money lent out.
The amount at compound interest which is calculated yearly on a certain sum of money is ₹1250 in one year and ₹1375 after two years. Calculate the rate of interest.