How much will ₹10,000 amount to in one year's time at 4% rate of interest per annum if the interest is compounded once in every three months? (take approximate value)
₹10,406
The compound interest formula is used to calculate the amount when interest is compounded quarterly. After one year, ₹10,000 will amount to ₹10,406. Hence, the correct answer is (a) ₹10,406.
A train of certain length takes time t to pass completely through a station of length x. The same train with the same speed takes time 2t to pass completely through another station of length y. What is the time taken by the train to pass completely through a station of length (x + y)?
A person borrowed Rs. 10000 on compound interest at the rate of 40 percent per annum. If the interest is compounded half yearly, then what will be the amount to be paid after 1.5 years?
The difference between the compound interest (compounding annually) and the simple interest on a sum of money at the rate of 40 per cent per annum for 2 years is Rs. 2400. What is the amount?
In how many years will a sum of Rs.1875 amount to Rs.2187 at 8 percent p.a. compound interest?
A sum of money has increased by 45% in 9 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
At a certain rate of compound interest a certain sum amounts to Rs. 64800 in 4 years and Rs. 93312 in 6 years. What is the compound interest earned in fifth year?