Mathematics
Without using formula, find the difference between the compound interest and the simple interest on ₹ 16,000 at 9% per annum in 2 years.
Related Questions
The compound interest compounded annually, on a certain sum is ₹ 29,040 in second year and is ₹ 31,944 in third year.Calculate:
(i) the rate of interest.
(ii) the interest for 4th year.
(iii) the interest for 1st year.
A certain sum of money amounts to ₹ 4,500 in first year; to ₹ 5,175 in second year and to ₹ 6,210 in third year.Find the rate of interest for the (i) second year (ii) third year.
Amit borrowed ₹ 20,000 at 12% per annum compound interest. If he pays 40% of the sum borrowed at the end of the first year and 40% of the sum borrowed at the end of the second year, find the amount of loan outstanding at the beginning of the third year.
Garima borrowed ₹ 40,000 at 10% p.a. simple interest. She immediately inverted this money at 10% p.a., compounded half-yearly. Calculate Garima's gain in 18 months.