What will be the final amount if Rs. 1,000,000 is invested for 10 years at 7.3% p.a. compound interest compounded quarterly?
Options:
Rs. 2,071,348.52
Rs. 2,011,469.71
Rs. 2,061,468.72
Rs. 2,041,457.40
What is the compound interest on Rs. 100,000 invested for 5 years at 12.25% compounded quarterly?
Rs. 82,515.69
Rs. 82,615.69
Rs. 82,715.69
Rs. 82,815.69
Jack invested $15,000 at 10% p.a compound interest compounded half-yearly for 1 year. What is the amount that he will receive after 1 year?
$16,437.50
$16,537.50
$16,637.50
$16,737.50
Find the difference between the compound interest on Rs. 5000 for 1.5 years at 4% p.a. compounded annually and half-yearly.
2.04
3.01
1.91
4.58
Find the compound interest on Rs. 15625 for 9 mounths at 16% p.a. compounded quarterly.
2010
1872
1951
1941
Find the time in years if Rs. 30,000 invested at 7% p.a. gives Rs. 4347 compound interest compounded annually.
2 years
2.5 years
3 years
3.5 years
Find the principal that amounts to Rs. 4913 in 3 years at 25/4% p.a. compound interest compounded annually.
4066
4096
4076
4056
If the simple interest on a certain sum of money for 3 years at 8% p.a. is 1/2 the compound interest on Rs. 4000 for 2 years at 10% p.a. then, find the sum of money for the simple interest.
1750
1860
1970
1650
If there is a 60% increase in an amount in 6 years at simple interest then, what will be the compound interest of Rs. 12000 after 3 years at the same rate of interest p.a. compounded annually?
3972
4280
5780
6240
1st part:
Let principal P = 100Rate = R% p.a.Time T = 6
As there is a 60% increaseso, I = 60% of P = 60
Therefore, R = (I x 100) / (PT)or, R = (60 x 100) / (100 x 6) = 10% p.a.
Now, calculate the compound interest.
If the difference between the Simple Interest and Compound Interest compounded annually on a certain sum of money for 2 years at 4% p.a. is Rs. 1 then what is the principal?
625
725
825
925