Calculate the compound interest accrued on Rs. 6,000 in 3 years, compounded yearly, if the rates for the successive years are 5%, 8% and 10% respectively.
On a certain sum, the compound interest in 2 years amounts to Rs. 4,240. If the rate of interest for the successive years is 10% and 15% respectively, find the sum.
What principal will amount to Rs. 9,856 in two years, if the rates of interest for successive years are 10% and 12% respectively ?
Calculate the amount of Rs. 15,000 is lent at compound interest for 2 years and the rates for the successive years are 8% and 10% respectively.
- Concept of Compound Interest - When the Time is Not an Exact Number of Years and the Interest is Compounded Yearly
- Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
- Concept of Compound Interest - Use of Compound Interest in Computing Amount Over a Period of 2 Or 3-years