Mathematics
Ramesh wants to get ₹ 6,050 from a bank after 2 years. If the bank gives 10% p.a. compound interest, then the amount of money he has to keep now in the bank is:
₹ 5,500
₹ 5,000
₹ 5,600
₹ 5,800
Related Questions
The simple interest on a sum of money for 2 years at 4% per annum is ₹ 340. The compound interest on this sum for one year payable half-yearly at the same rate is:
₹ 170.70
₹ 107.70
₹ 171.70
₹ 270.70
The compound interest on a certain sum of money at 5% p.a. for two years is ₹ 246. The simple interest on the same sum for three years at 6% p.a. will be:
₹ 432
₹ 430.50
₹ 432.75
₹ 431.75
The difference between the compound and simple interest on a certain sum deposited for 2 years at 5% p.a. is ₹ 12. The sum will be :
₹ 4,500
₹ 4,600
₹ 4,800
₹ 5,000
At what rate of compound interest p.a. will ₹ 20,000 amount to ₹ 26,620 in 3 years?
4%
6%
8%
10%