1. A sum of money fetches Rs 408 as compound interest at the rate of 4 p.c.p.a at the end of two years. What is the sum ?






Write Comment

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

Comments

  • By: anil on 05 May 2019 01.26 am
    Let the principal be P. Hence, CI = $$P*(1 + 4\%)^2 $$ - P = Rs 408 1.0816P - P = 408 P = 408 / 0.0816 = 5000
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->A bank compounds interest half yearly. Raju deposits Rs.25,000 in the bank at a rate of 8%. The total interest at the end of one year is :....
QA->……is a company certificate to its creditors promising payment of a stated sum after a specific period of time at fixed rate of interest?....
MCQ->To start a new enterprise, Mr. Yogesh has borrowed a total of Rs. 60,000 from two money lenders with the interest being compounded annually, to be repaid at the end of two years. Mr. Yogesh repaid Rs.38, 800 more to the first money lender compared to the second money lender at the end of two years. The first money lender charged an interest rate, which was 10% more than what was charged by the second money lender. If Mr. Yogesh had instead borrowed Rs. 30,000 from each at their respective initial rates for two years, he would have paid Rs.7, 500 more to the first money lender compared to the second. Then money borrowed by Mr. Yogesh from first money lender is?....
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->Puneeta borrowed from Reena certain sum for two years at simple interest. Puneeta lent this sum to Venu at the same rate for two years compound interest. At the end of two years she received 110 as compound interest but paid 100 as simple interest. Find the sum and rate of interest:....
MCQ->A sum of money fetches Rs 408 as compound interest at the rate of 4 p.c.p.a at the end of two years. What is the sum ?....
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