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The state bank of india lends a certain amount of money to a Mohan at a simple interest at the rate of 3% p.a. Mohan again lends the same amount to another person at the rate of 6% p.a compounded half yearly. If he gets a profit of ₹618 then find out the sum borrowed by Mohan.
Principal amount is ₹8000 which is invested at rate of interest 10% per annum compounded half-yearly. What will be the compound interest at end of 6 months?
What will be the total amount payable on a sum of ₹12,500 after two years at the rate of 10% per annum if the interest is compounded annually?
A man invested some money in the bank at the rate of 20% compounded annually and after 2 years received interest as ₹6600. If the man invested double of the principal in another scheme at the rate of 10% compounded annually for 2 years then find the compound interest earned by him in the second scheme.
Ram and Dipti each invested a sum of ₹8000 for a period of two years at 30% compound interest per annum. However, while for Ram the interest was compounded annually, for Dipti it was compounded every eight months. How much more will Dipti receive as interest compared to Ram at the end of the two-year period?
₹25,000 is borrowed at compound interest at the rate of 3% for first year, 4% for second year and 5% for third year. Find amount to be paid after 3 years.
Suppose Ram and Shyam have ₹1000 each. Ram deposits his money in a bank with a simple interest of 10% while Shyam does the same with a compound interest of 10%. If interests are computed annually, the difference between their withdrawal amounts after four years (rounded off to the nearest integer) would be:
A man saves ₹200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?
If the rate of interest be 4% per annum for first year, 5% per annum for second year and 6% per annum for third year, then the compound interest of ₹10000 for 3 years will be:
What will be the compound interest accrued on an amount of ₹10000 @ 20 p.c.p.a. in 2 years if the interest is compounded half-yearly?