Simple interest on a certain sum of money for 3 years at 5% per annum is ₹ 600. Find the amount due and compound interest on this sum at the same rate after 3 years, the interest being reckoned annually.

Let P be the sum of money. R = 5 %, T = 3 years, I = ₹ 600 For compound interest, P = ₹ 4,000, R = 5 %, n = 3 years A = P = 4,000 x = 4,000 x = 4,000 x = 4,000 x 1.157625 = 4,630.5 Compound Interest = Amount - Principal = 4,630.5 - 4,000 = 630.5 Hence, the amount = ₹ 4,630.5 and compound interest = ₹ 630.5.

Simple interest on a certain sum of money at 9% is ₹ 450 in 2 years. Find the compound interest, on the same sum, at the same rate for 1 year, if the interest is reckoned half yearly.

View Answer Bookmark Now

Find the difference between simple interest and compound interest on ₹ 4,000 for two years at 10% per annum.

View Answer Bookmark Now

On what sum of money will the difference between simple interest and compound interest for 2 years at 5% per annum be equal to ₹ 50 ?

View Answer Bookmark Now

The difference between compound and simple interest on a sum of money deposited for 2 years at 5% per annum is ₹ 12. Find the sum of money.

View Answer Bookmark Now

Mathematics

Simple interest on a certain sum of money for 3 years at 5% per annum is ₹ 600. Find the amount due and compound interest on this sum at the same rate after 3 years, the interest being reckoned annually.

Compound Interest

Related Questions

Simple interest on a certain sum of money at 9% is ₹ 450 in 2 years. Find the compound interest, on the same sum, at the same rate for 1 year, if the interest is reckoned half yearly.

Find the difference between simple interest and compound interest on ₹ 4,000 for two years at 10% per annum.

On what sum of money will the difference between simple interest and compound interest for 2 years at 5% per annum be equal to ₹ 50 ?

The difference between compound and simple interest on a sum of money deposited for 2 years at 5% per annum is ₹ 12. Find the sum of money.