Find compound interest on Rs.2500 invested at 6% per annually, compound semi-annually for 8 years.
Let Principal = 2500, r=6%=0.06616=0.03, n=8×2=16
We know thatA=P(1+r)n
=2500(1+.03)16
=4011.73
The compound interest =4011.73−2500=1511.73
Find compound interest on Rs.2500 invested at 6% per annually, compound semi-annually for 8 years.
Let Principal = 2500, r=6%=0.06616=0.03, n=8×2=16
We know that
If the present value of my investment is $2,500 and the rate of interest is 2% compounded annually, what will the value be after 15 years? |
Answer |
The difference between simple interest and compound on Rs. 900 for one year at 10% per annum reckoned half-yearly is: |
Answer |
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is: |
Answer |
A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is: |
Answer |
What will be the compound interest on a sum of Rs. 40,000 after 3 years at the rate of 11 p.c.p.a.? |
Answer |
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years? |
Answer |
There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate? |
Answer |
What is the difference between the compound interests on Rs. 5000 for 1$ \dfrac{1}{2} $ years at 4% per annum compounded yearly and half-yearly? |
Answer |
Find compound interest on Rs.2500 invested at 6% per annually, compound semi-annually for 8 years. |
Answer |
If the present value of my investment is $2,500 and the rate of interest is 2% compounded annually, what will the value be after 15 years? |
Answer |