What is the compound interest on a sum for 2 years?

The Compound interest on a certain sum for 2 years is Rs.412 and the simple interest is Rs.400. What is the rate of interest per annum? In C I, the simple interest for the previous year is added to the principal and the interest for this amount is also included in the interest of the current year.

What is the simple interest accrued on an amount of 84000?

The simple interest accrued on an amount of Rs.84000 at the end of three years is Rs.30240. What would be the compound interest accrued on the same amount at the same rate in the same period? The Rate of interest = SI × 100/ P n = 30240 × 100/84000 × 3 = 12\% p.a. = 118013.952 – 84000 = Rs.34013.95.

How do you calculate simple interest on principal?

Calculate simple interest on the principal only, I = Prt. Simple interest does not include the effect of compounding. Notes: Base formula, written as I = Prt or I = P × r × t where rate r and time t should be in the same time units such as months or years.

How do you calculate the gap between simple interest and compound interest?

The compound interest on a certain sum of money for 2 years is Rs. 208 and the simple interest for the same time at the same rate is Rs. 200. Find the rate \%. CI = Rs. 208 = Rs. 100 + Rs. 108 (In first year SI & CI are equal.) Therefore, Rs.8 Gap is because of the interest of 1 st year interest.

The compound interest on a certain sum for 2 years at 10\% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is: Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?

How do you find compound interest on money lent in India?

If the simple interest on a sum of money at 5\% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate. A sum of money lent at compound interest for 2 years at 20\% per annum would fetch Rs.482 more, if the interest was payable half yearly than if it was payable annually .

How to calculate the rate of interest on a 3903 share?

Divide Rs. 3903 between A and B , so That when compound annually A’s share at the end of 7 years may be equal to B’s share at the end of 9 years . The rate of interest is given to be 4\% per annum. Ques 8. How much more would Rs. 20,000 fetch , after two years , if it is put at 20 \% p.a. .

What is the rate of interest on loan of Akshay?

Akshay borrows Rs. 5000 for 2 years at 4\% p.a. simple interest. He immediately lends it to another person at 6 ¼ pa for 2 years. Find his gain in the transaction per year. Ques 9. On a sum of money, the simple interest for 2 years is Rs.660, while the compound interest is Rs.696.30, the rate of interest being the same in both the cases.

The compound interest on a certain sum for 2 years is 410, and the simple interest for the same period is 400. How would you find the principal and the rate of interest? – Quora The compound interest on a certain sum for 2 years is 410, and the simple interest for the same period is 400.

How do you calculate principal amount compounded annually for 2 years?

Say, when compounded annually for 2 years, the principal amount with interest accrued at the end of first year becomes the principal for the second year. Compound Interest Formula: Abbreviated as Amount = P * [1 + R/100] t, when compounded annually. Sometimes, the interest is also calculated half-yearly or quarterly.

What is the difference between simple interest and compound interest?

The principal in simple interest and compound interest must be same. 2. Rate of interest must be same in simple interest and compound interest. 3. In compound interest, interest has to be compounded annually. The difference between the compound interest and simple interest on a certain investment at 10\% per year for 2 years is $631.

How do you find the rate of compound interest in India?

Q.3. The compound interest on a certain sum of money for 2 years is Rs. 208 and the simple interest for the same time at the same rate is Rs. 200. Find the rate \%. CI = Rs. 208 = Rs. 100 + Rs. 108 (In first year SI & CI are equal.)