Mathematics
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.
Related Questions
A man invests ₹ 7,000 for three years, at a certain rate of interest, compounded annually. At the end of one year it amounts to ₹ 7,980.
Calculate :
(i) the rate of interest per annum.
(ii) the interest accrued in the second year.
(iii) the amount at the end of the third year.
₹ 8,000 were invested at 5% per annum C.I compounded annually. Find :
(i) the amount at the end of the second year.
(ii) the interest for the third year.
Find the difference between simple interest and compound interest on ₹ 4,000 for two years at 10% per annum.
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.