interest on
(i) Rs 6,500 so that it can amount to Rs 7,865 in 2 years
(ii) Rs 4,000 so that it can amount to Rs 4,630.50 in 3 years
5. Find the number of years after which
(i) a sum of Rs 3,500 will become Rs 4,390.40 at the compound rate of 12%
(i) a sum of Rs 50,000 will become Rs 55,125 at the compound interest rate of 5%
6. A sum of money becomes 2.25 times in 2 years at a certain rate of compound interest per ann
Find the rate of interest.
7. A sum of money is invested for 3 years at a rate of 10% interest compounded annually. If the
of money grows by Rs 5296 then find the sum of money invested.
8. How much should Ratan invest in an agency which pays interest at the rate of 9% compour
annually to get an amount of Rs 71,286 in 2 years?
On comparison between simple interest and CI
9. Mr Das invested Rs 20,000 at a simple interest rate of 10% per annum for 3 years while Mr S
invested the same sum at the compound interest rate of 15% for 2 years. Who will earn
interest and by how much?
0. A man invested Rs 16,000 at a simple interest rate of 8% per annum for 2 years. Had he inve
the sum at a compound interest rate of 8% per annum for the same period, how much more w
he have earned?
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