The difference between simple interest and compound interest on a certain sum is Rs. 54.40 for 2 years at 8 per cent per annum. Find the sum.
A sum of money lent out at C.I. at a certain rate per annum becomes three times of itself in 8 years. Find in how many years will the money becomes twenty-seven times of itself at the same rate of interest p.a.
Compound interest on a certain sum of money at 5% per annum for two years is Rs. 246. Calculate simple interest on the same sum for 3 years at 6% per annum.
A sum of money, invested at compound interest, amounts to Rs. 19,360 in 2 years and to Rs. 23,425.60 in 4 years. Find the rate per cent and the original sum of money.
On what sum of money will compound interest (payable annually) for 2 years be the same as simple interest on Rs. 9,430 for 10 years, both at the rate of 5 per cent per annum ?
Simple interest on a certain sum of money for 4 years at 4% per annum exceeds the compound interest on the same sum for 3 years at 5 per cent per annum by Rs. 228. Find the sum.
Kamal and Anand each lent the same sum of money for 2 years at 5% at simple interest and compound interst respectively. Anand recived Rs. 15 more than Kamal. Find the amount of money lent by each and the interest received.
- 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