Formula for Amount (Rate Compounded Annually)
Trending Questions
What will be the compound interest on a sum of ₹7500 at 4% per annum for a period of 2 years, compounded annually?
₹641
₹612
₹650
₹652
I borrowed ₹ 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?
₹ 483.20
₹ 423.20
₹ 43.20
₹ 48.20
Kamala borrowed ₹ 26, 400 from a bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?
₹ 34, 659.70
₹ 38, 659.70
₹ 40, 659.70
₹ 36, 659.70
Fabina borrows ₹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?
Radha pays ₹362.50 more than Fabina.
Fabina pays ₹482.50 more than Radha.
Fabina pays ₹362.50 more than Radha.
Radha pays ₹482.50 more than Fabina.
If ₹500 amounts to ₹583.20 in two years compounded annually, find the rate of interest per annum.
10%
9%
8%
7%
Find the CI on ₹20, 000 for 3 years at 10% per annum compounded annually.
₹6, 620
₹26, 620
₹26, 000
₹6, 000
Ramesh invests ₹12800 for three years at the rate of 10% per annum compound interest. Find the sum due to Ramesh at the end of the first year.
₹15060
₹14000
₹14080
₹13090
The amount on ₹ 10, 800 for 3 years at 1212% per annum, compounded annually is
₹ 15, 157 (approx)
₹ 15, 489 (approx)
₹ 15, 250 (approx)
₹ 15, 377 (approx)
Arif took a loan of ₹80, 000 from a bank. If the rate of interest is 10% per annum, find the amount he would be paying after 112 years if the interest is compounded annually.
₹88, 000
₹96750
₹98, 760
₹92, 400
