Any one have questions regarding Compound Interest and Amount.. Dont say NO
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Answer:
Being able to calculate compound interest is not just good when taking aptitude tests but also in normal day to day life.
You will need it for any loan that you take or calculate the interest on. Compound interest is one of the greatest things in finance to understand and master so it is vital that you know these formulas below and practice on the questions here as well. You won't regret it!
For a detailed and easy to understand explanation about compound interest please read our blog article!
1:Find the amount if Rs 20000 is invested at 10% p.a. for 3 yrs.
Question 2: Find the CI, if Rs 1000 was invested for 1.5 years at 20% p.a. compounded half yearly.
Question 3:Manish invested a sum of money at CI. It amounted to Rs 2420 in 2 years and Rs 2662 in 3 years. Find the rate percent per annum.
Question 4:The difference between SI and CI for 2 years @ 20% per annum is Rs 8. What is the principal?
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