Advertisements
Advertisements
Question
Prerna borrowed Rs.16000 from a friend at 15 % p.a. compound interest. Find the amount , to the nearest rupees, that she needs to return at the end of 2.4 years to clear the debt.
Advertisements
Solution
`"C"_1 = (16000 xx 15 xx 1)/100 = 2400`
`"P"_1 = 18400`
`"C"_2 = (18400 xx 15 xx 1)/100 = 2760`
`"P"_2 = 21160`
`"C"_3 = (21160 xx 15 xx 1)/400 = 7935`
`"P"_3 = 29095`
RELATED QUESTIONS
At what rate % p.a. will a sum of Rs. 4000 yield Rs. 1324 as compound interest in 3 years?
Calculate the amount and the compound interest for the following:
Rs.25, 000 at `8 2/5 %` p.a. in `1 1/3` years
A sum of Rs. 65000 is invested for 3 years at 8 % p.a. compound interest.
Find the compound interest earned in the first two years.
Alisha invested Rs 75000 for 4 years at 8 % p.a. compound interest ,
Find the amount at the end of the second year.
Calculate The Amount and the Cornpound Interest for the Following:
Rs 15,000 for 2 years at 6°/o for the first year and 7°/o for tl1e second year.
Mohan borrowed Rs 25,000 at 10% p.a. compound interest. If he pays back Rs 7,500 every year, find the amount of loan outstanding at the beginning of the fourth year.
Calculate the amount and the compound interest on :
Rs. 6,000 in 3 years at 5% per year.
Calculate the difference between the simple interest and the compound interest on Rs. 4,000 in 2 years at 8% per annum compounded yearly.
A manufacturer estimates that his machine depreciates by 15% of its value at the beginning of the year. Find the original value (cost) of the machine, if it depreciates by Rs. 5,355 during the second year.
Mr. Kumar borrowed Rs. 15,000 for two years. The rate of interest for the two successive years are 8% and 10% respectively. If he repays Rs. 6,200 at the end of the first year, find the outstanding amount at the end of the second year.
