Find the difference between the simple interest and compound interest, compounded annually, on an amount of ₹35,000 at 12% for 3 years.
A₹1,527.48
B₹1,572.48
C₹1,725.84
D₹1,752.84
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Related Questions:
Ashish has ₹1617 with him. He divided it amongst his sons Arun and Mahesh and asked them to invest it at 10% rate of interest compounded annually. It was seen that Arun and Mahesh got same amount after 14 and 15 years respectively. How much (in ₹) did Ashish give to Arun?
Mandar has two grandsons Ketan and Tushar. 11 years old Ketan gets some money From Mandar's wealth and 12 year old Tushar gets the rest of the money.But Ketan and Tushar will get the money only when they tunrs 22 years old. Till then the money is in a bank getting interest at rate 8% compounded annually. When both turn 22, they receive the same amount. How much had Mandar given Tushar (in INR) initially, If total money with Mandar was INR 24700?
On a certain sum of money, the Simple Interest for 2 years is Rs.140 at 4% per annum. Find the difference between Compound Interest and Simple Interest on the same sum at same rate and same period.
ഒരാൾ ഒരു നിശ്ചിത തുക 8% സാധാരണ പലിശ നിരക്കിൽ 2 വർഷത്തേക്ക് നിക്ഷേപിച്ചു. അതേ തുക വാർഷികമായി 2 വർഷത്തേക്ക് കോമ്പൗണ്ട് ചെയ്താൽ, പലിശ തുകകൾ തമ്മിലുള്ള വ്യത്യാസം നിക്ഷേപിച്ച തുകയുടെ 5% ആയിരിക്കും. കോമ്പൗണ്ട് പലിശ നിരക്ക് കണ്ടെത്തുക.
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?