There is 100% increase to an amount in 8 yr, at simple interest. Find the compound interest of ₹ 8000 after 2 yr at the same rate of interest.
₹ 2500
₹ 2000
₹ 2250
₹ 2125
D.
₹ 2125
Let the rate of interest be r and principal be x.
After 8 yr, principal becomes 2x, i.e. Amount = ₹ 2x
∴ Interest = 2x - x = ₹ x
Case II,
P = ₹ 8000, r = 12.5% n = 2 yrs
∴ Compound interest = ₹ (10125 - 8000) = ₹ 2125.
The compound interest earned in two years at 12% per annum is ₹ 10,176/-. What is the sum (in ₹) invested?
₹ 50,000/-
₹ 60,000/-
₹ 40,000/-
₹ 80,000/-
The simple and compound interest that can be earned in two years at the same rate is ₹ 4,000/- and ₹ 4,180/- respectively. What is the rate(% per annum) of interest?
18% per annum
4.5% per annum
9% per annum
12% per annum