Mathematics
A sum of ₹ 40,000 was lent for one year at 16% per annum. If the same sum is lent for the same time and at the same rate percent but compounded half-yearly, how much more will the interest be ?
Related Questions
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.
A man invests ₹ 3,000 for three years at compound interest. After one year, the money amounts to ₹ 3,240. Find the rate of interest and the amount (to the nearest rupee) due at the end of 3 years.
Find the amount on ₹ 36,000 after 2 years, compounded annually, the rate of interest being 10% for the first year and 12% for the second year.