What is the rate of compound interest on a sum of 2000?

The interest on a sum of Rs. 2000 is being compounded annually at the rate of 4\% per annum. Find the period for which the compound interest is Rs. 163.20. 8. In how much time would Rs. 5000 amount to Rs. 6655 at 10\% per annum compound interest?

What is the SI on a certain sum in 3 years?

The si on a certain sum at a certain rate in 3 year is 78 and the ci in 2 year is 53 .find the rate. Find the principal if the C.I for 2 years at 5\% is `410. A person deposited Rs. 55,000 in bank for 2 years at 10\% compound interest compounded annually.

What is the total simple interest that Khan pays?

Then the total simple interest that Khan pays is the sum of the interests. We can write from the formula of the simple interest, [x×6×2]/100 + [x×9×3]/100 + [x×14×4]/100 = Rs. 11400. Therefore we can write, 95x/100 = 11400 or x = Rs. 12000 and hence the correct option is A) Rs. 12000.

What is the rate of interest on the sum Rachana borrowed?

6. Rachana borrowed a certain sum at the rate of 15\% per annum. If she paid at the end of two years Rs. 1290 as interest compounded annually, find the sum she borrowed. 7. The interest on a sum of Rs. 2000 is being compounded annually at the rate of 4\% per annum.

How do you find the compound interest rate on Rs 8000?

Amount at the end of second year, Therefore, Remark: The compound interest can also be computed by adding the interest for each year. Example 2: Find the compound interest on Rs 8000 for 3/2 years at 10\% per annum, interest is payable half-yearly. Solution: Rate of interest = 10\% per annum = 5\% per half –year.

What is the amount after 3 years of compound interest?

If the interest is compounded annually, then the amount A and the compound interest C.I. at the end of n years is given by: Example 3: Find the compound interest on Rs 12000 for 3 years at 10\% per annum compounded annually. Solution: P =Rs 12000, R =10\% per annum and n=3. Therefore, amount (A) after 3 years

What is the simple interest rate for 2 years?

On a certain sum of money, the simple interest for 2 years is Rs. 200 at the rate of 7\% per annum. Find the difference in C.I. and S.I. B. None of these The difference between compound interest and simple interest on Rs. P for 2 years at R\% per annum [Read more …] The difference between compound interest and simple interest on Rs.

How do you find the principal if the interest rate is 100?

Example 3. If you borrow $1200 at a 5\% annual interest rate, how long will it take for the total amount owed to reach $1300? Example 4. Find the principal if the simple interest in 14 days at 25\% per annum is 100. Ans. P = SI/ (r×t) = 100/ ( (25/100/365)*14) = 10428.57

How do you calculate simple interest rate month Wise?

t = Time period in years When calculating simple interest by days, use the number of days for t and divide the interest rate by 365. Likewise, to calculate simple interest month-wise, use the number of months for t and divide the interest rate by 12.