Mathematics
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.
Related Questions
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.
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.?
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.
The simple interest on a certain sum for 3 years is ₹225 and the compound interest on the same sum at the same rate for 2 years is ₹153. Find the rate of interest and principal.