Challenger App

No.1 PSC Learning App

★
★
★
★
★
1M+ Downloads
A sum of money amounts to ₹13,380 after 3 years and to ₹20,070 after 6 years at compound interest compounded annually. Find the sum

A₹8,920

B₹7,020

C₹7,007

D₹8,505

Answer:

A. ₹8,920

Read Explanation:

₹8,920


Related Questions:

A principal amount of ₹8,000 is invested at an annual interest rate of 5% compounded half-yearly. What will be the compound interest earned after 4 years? [Use (1.025)8 = 1.2184]
Find the compound interest on an amount of ₹24,000 after three years, when compounded annually at the rate of 15% per annum.
If the rate of interest is 15%, then what is the difference between compound interest and simple interest received on Rs. 10,000 alter 3 years from now?
10000 രൂപ 5% വാർഷിക നിരക്കിൽ കൂട്ടുപലിശ കണക്കാക്കുന്ന ബാങ്കിൽ നിക്ഷേപിക്കുകയാണെങ്കിൽ രണ്ടു വർഷത്തിനുശേഷം എത്ര രൂപ ലഭിക്കും?
Find the compound interest on ₹8,000 at 12% per annum for 3 years 4 months, compounded annually.