1. Simple interest on a sum of money for 4 yr at 7 pcpa is Rs.3584. What would be the compound interest (compounded annually) on the same amount of money for 2 yr at 4 pcpa?






Write Comment

Type in
(Press Ctrl+g to toggle between English and the chosen language)

Comments

  • By: anil on 05 May 2019 01.15 am
    Simple interest on an amount of P with rate R for the time T will be = $$frac{PRT}{100}$$ So 3584 = $$frac{P imes 7 imes 4}{100}$$ P = 12800 Hence, compound interest will be = $$12800(1 + 4/100)^{2} - 12800 $$ = 13844.48 - 12800 = 1044.48
Tags
Show Similar Question And Answers
QA->The difference between compound interest and simple interest for an amount in 2 years is Rs.If the rate of interest is 8%, the amount is :....
QA->At what rate percent of simple interest will a sum of money double itself in 12 years ?....
QA->At what rate percent of simple interest will a sum of money double itself in 12 years?....
QA->An amount becomes Rs.11,300 in 2 years and Rs.12,600 in 4 years. The rate, if calculated at simple interest is :....
QA->The sum and product of two numbers are 13 and 40 respectively. The sum of their reciprocals is :....
MCQ->Simple interest on a sum of money for 4 yr at 7 pcpa is Rs.3584. What would be the compound interest (compounded annually) on the same amount of money for 2 yr at 4 pcpa?....
MCQ->The interest received on a sum of money when invested in scheme A is equal to the interest received on the same sum of money when invested for 2 years in scheme B. Scheme A offers simple interest (p.c.p.a.) and scheme B offers compound interest (compounded annually). Both the schemes offer the same rate of interest. If the numerical value of the number of years for which the sum is invested in scheme A is same as the numerical value of the rate of interest offered by the same scheme, what is the rate of interest (p.c.p.a) offered by scheme A?....
MCQ->What is the rate of interest pcpa ? Statements: I.The difference between the compound interest and simple interest earned in two years on the amount invested is rs 100. II.The amount becomes rs 19,500 in three years on simple interest. III.The simple interest accrued in two years on the same amount at the same rate of interest is 3,000.....
MCQ->Simple interest on a sum for 4 years at 7 p.c.p.a. is Rs. 3584. What would be the compound interest compounded annually on the same amount of money for 2 years at 4 p.c.p.a. ?....
MCQ->What will be the compound interest earned on an amount of Rs. 5000 in 2 years? I. The simple interest on the same amount at the same rate of interest in 5 years is Rs. 2000. II. The compound interest and the simple interest earned in one year is the same. III. The amount becomed more than double on compound interest in 10 years.....
Terms And Service:We do not guarantee the accuracy of available data ..We Provide Information On Public Data.. Please consult an expert before using this data for commercial or personal use
DMCA.com Protection Status Powered By:Omega Web Solutions
© 2002-2017 Omega Education PVT LTD...Privacy | Terms And Conditions