Fabina borrows Rs 12,500 at 12% per annum for 3 years at simple interest and Radha borrows the same amount for the same time period at 10% per annum, compounded annually. Who pays more interest and by how much?
I borrowed Rs 12,000 from Jamshed at 6% per annum simple interest for 2 years. Had I borrowed this sum at 6% per annum compound interest, what extra amount would I have to pay?
Vasudevan invested Rs 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get after 6 months?
Vasudevan invested Rs 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get after 1 year?
Arif took a loan of Rs 80,000 from a bank. If the rate of interest is 10% per annum, find the difference in amounts he would be paying after 11/2 years if the interest is
(i) Compounded annually.
(ii) Compounded half yearly.
Maria invested Rs 8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find:
(i) The amount credited against her name at the end of the second year.
(ii) The interest for the 3rd year.
Find the amount and the compound interest on Rs 10,000 for 11/2 years at 10% per annum, compounded half yearly. Would this interest be more than the interest he would get if it was compounded annually?
Find the amount which Ram will get on Rs 4096, if he gave it for 18 months at 121/2% per annum, interest being compounded half yearly.
The population of a place increased to 54,000 in 2003 at a rate of 5% per annum. Find the population in 2001.
The population of a place increased to 54,000 in 2003 at a rate of 5% per annum. What would be its population is 2005?