Mathematics
The difference between compound interest for a year payable half-yearly and simple interest on a certain sum of money lent out at 10% for a year is ₹ 15. Find the sum of money lent out.
Related Questions
A sum of money lent out at C.I. at a certain rate per annum becomes three times of itself in 10 years. Find in how many years will the money become twenty-seven times of itself at the same rate of interest p.a.
Mr. Sharma borrowed a certain sum of money at 10% per annum compounded annually. If by paying ₹ 19360 at the end of second year and ₹ 31944 at the end of the third year he clears the debt; find the sum borrowed by him.
The ages of Pramod and Rohit are 16 years and 18 years respectively. In what ratio must they invest money at 5% p.a. compounded yearly so that both get the same sum on attaining the age of 25 years ?
The amount of ₹ 1,000 in 2 years and at 20% compound interest compounded per year is:
₹ 1,200
₹ 1,400
₹ 800
₹ 1,440