Mathematics
Rates of interest for two consecutive years are 10% and 12% respectively. The percentage increase during these two years is :
22%
23.2%
123.2%
122%
Related Questions
A sum of ₹ 20,000 is lent at 12% compound interest compounded yearly. The compound interest accrued in the second year will be :
₹ 4800
₹ 288
₹ 2688
₹ 5088
During the year 2022, the interest accrued at the rate of 5% is ₹ 1250. The compound interest accrued at the same rate during the year 2023 is :
₹ 1312.50
₹ 62.50
₹ 6250
₹ 2000
₹ 16,000 is invested at 5% compound interest compounded per annum. Use the table, given below, to find the amount in 4 years.
Year Initial amount (₹) Interest (₹) Final amount (₹) 1st 16000 800 16800 2nd ---- ---- ------ 3rd ---- ---- ----- 4th ---- ---- ---- 5th ---- ---- ----