Also, find the sum due at the end of the third year.
6. A sum of Rs 9,600 is invested for 3 years at 10% p.a. compound interest.
(i) What is the sum due at the end of the first year?
(ii) What is the sum due at the end of the second year?
(iii) Find the compound interest earned in the first 2 years.
(iv) Find the amount at the end of 3 years.
- A man borrows Rs 12,000 at a certain rate of compound interest per annum. His loa
Rs 12,730.80 at the end of 2 years.
(i) Find the principal in the beginning of the second year.
(ii) Find the compound interest (to the nearest rupee) on the sum for 3 years.
- A sum of Rs 2,400 is borrowed at a half-yearly compound interest rate of 62%.
(i) Find the amount of the debt at the end of one year.
(ii) Find the amount of money required to clear off the debt after 1ż years.
JA
sum of money is invested at a half-yearly compound interest rate of 5%. If
principals at the ends of 6 months and 12 months be Rs 126 then find
(i) the sum of money invested, and
ii) the amount at the end of 12 years.
A man borrows Rs 12,000 at a compound interest rate of 8% per annum for
puts the condition that if the borrower fails to clear off his debt by the en
increase the rate of interest to 10% per annum. How much will the man have
years to clear off his debt?
The difference between the compound interest and the simple interest on
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