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What is the sum of money if the compound interest on a certain sum for 2 years at 15% per annum is Rs. 441?
What is the sum of money if the compound interest on a certain sum for 2 years at 15% per annum is Rs. 441?
- Rs. 2400
- Rs. 1800
- Rs. 2000 (correct)
- Rs. 2200
In how many years will a sum of money become 36 times itself if it becomes 9 times itself in 12 years at a certain rate of interest?
In how many years will a sum of money become 36 times itself if it becomes 9 times itself in 12 years at a certain rate of interest?
- 24 years (correct)
- 30 years
- 18 years
- 20 years
If the compound interest on a sum for 3 years at the rate of 10% per annum is Rs. 3315, what is the sum?
If the compound interest on a sum for 3 years at the rate of 10% per annum is Rs. 3315, what is the sum?
- Rs. 11000
- Rs. 8000
- Rs. 9000
- Rs. 10000 (correct)
If the compound interest on a sum for 2 years at 18% per annum is Rs. 1944, what is the sum?
If the compound interest on a sum for 2 years at 18% per annum is Rs. 1944, what is the sum?
In how many years will a certain sum of money triple itself at simple interest if it triples in 8 years?
In how many years will a certain sum of money triple itself at simple interest if it triples in 8 years?
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Study Notes
Compound Interest Scenarios
- Compound interest on a certain sum for 2 years at 15% per annum is Rs. 441.
- A sum of money becomes 36 times itself in an unknown number of years if it becomes 9 times itself in 12 years at a certain rate of interest.
- Compound interest on a sum for 3 years at 10% per annum is Rs. 3315.
- Compound interest on a sum for 2 years at 18% per annum is Rs. 1944.
- A certain sum of money triples itself in 8 years at simple interest, and the question is to find the number of years it takes to triple itself at simple interest.
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