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
No.1 PSC Learning App
★
★
★
★
★
Related Questions:
Rs.800 becomes Rs.956 in 3 years at certain rate of simple interest. If the rate of interest is increased by 3%,What amount will Rs.800 becomes in 3 years?
The Simple Interest on a sum of money for 2 years is Rs.50 and the Compound Interest on the same sum at the same rate for the same time is Rs.51.25. Find the rate of interest per annum
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
On certain sum of money, the compound interest for 2 years is Rs.304.5 and the simple interest for the same period is Rs.290. Find the rate of interest per annum :
Vijay has INR 1224 with him. He divided it amongst his sons Ajay and Prakash and asked them to invest it at 4% rate of interest compounded annually. It was seen that Ajay and Prakash got same amount after 18 and 19 years respectively. How much (in INR) did Vijay give to Prakash ?