Find the compound interest on an amount of ₹24,000 after three years, when compounded annually at the rate of 15% per annum.
A₹12,905
B₹12,501
C₹11,901
D₹11,250
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Related Questions:
Manoj has ₹1224 with him. He divided it amongst his sons Anand and Anil and asked them to invest it at 4% rate of interest compounded annually. It was seen that Anand and Anil got same amount after 17 and 18 years respectively. How much (in ₹) did Manoj give to Anil?
On what sum (in ₹) will the compound interest at 2% p.a. for 2 years compounded annually be ₹9,696?
At what rate percentage per annum (correct to one place of decimal) will ₹17,280 amount to ₹23,520 in 2 years, if the interest is compounded annually?
20% കൂട്ടുപലിശ ക്രമത്തില് എന്തു തുക നിക്ഷേപിച്ചാല് 2 വര്ഷം കഴിയുമ്പോള് 1,440 രൂപ കിട്ടും
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]