Prashanthprashanthgp...
Rs 2000.
The amount a after n years of an amount c with interest rate r % is:
a = c(1 + r/100)^n
After 3 & 6 years of the question there is:
Rs 4000 = c(1 + r/100)^3
Rs 8000 = c(1 + r/100)^6
Dividing the second by the first gives:
Rs 8000 ÷ Rs 4000 = (c(1 + r/100)^6) ÷ (c(1 + r/100)^3)
→ 2 = (1 + r/100)^3
Using the first equation and substituting for (1 + r/100)^3 found above:
Rs 4000 = c(1 + r/100)^3 = 2c
→ c = Rs 2000
Alternatively:
As it is compound interest, the saved interest also attracts interest; the amount doubles in the 3 years from year 3 to year 6, so it doubles every 3 years.
Therefore initially it must be half the value at 3 years
→ it is ½ × Rs 4000 = Rs 2000.
Wiki User
∙ 9y agoThe difference between 2 years and 3 years is another addition of the interest. 7396 × (1 + rate/100) = 7950.7 → rate = (7950.7/7396 - 1) × 100 = 7.5 % compounded per year.
If you're simply adding five percent onto the value at the end of each of the three years - the final value would be 578.8125
Quarterly.Quarterly.Quarterly.Quarterly.
How much is three figures
87.6564 to three decimal places becomes 87.656.
The difference between 2 years and 3 years is another addition of the interest. 7396 × (1 + rate/100) = 7950.7 → rate = (7950.7/7396 - 1) × 100 = 7.5 % compounded per year.
AnswerCompound interest works like this.Take a principle (The amount of money you deposit) of $10,000.Lets say that the interest rate is 8% and that it compounds anually.At the end of one year you would have $10,800.With simple interest, at the end of two years, you would have $11,600 because you only earn interst on the principle.After three years you would have $12,400.However, with compound interest, you will earn interest on not just the principle, but the compounded interest as well.Therefore, with compound interest, at the end of two years, you would have 11,664.After three years it would be $12,597.12 and so on.
Three variables are fundamental to all compound interest problems: principal amount (initial investment), interest rate, and time period. These variables are used to calculate the compound interest accrued on an investment over time.
800 x (1.04)6 ie Rs1012.26
time, amount, and interest
3% is the same as 0.03 and 0.03*110,000 = 3,300 in one year If it is simple interest, it will be 3300 every year. If it is compound interest, the 2nd years interest will be based on starting amount with first years interest added to it, and so on
Yes, twenty-three is a compound word.
It is 202.48 units of currency.
yeah, you spelled monts instead of months, not sure i want to further this conversation your company.
Normally, the first word in a three word hyphenated compound noun is the main noun. For example for commander-in-chief, the 'in-chief' is the description or title of the commander; as for mother-in-law, the 'in-law' is the description or title of the person.When making a three word hyphenated compound, the main noun is pluralized:commanders-in-chiefmothers-in-lawports-of-callbirds of preyjack-in-the-boxes (uh-oh, an exception?)When you have compound nouns, you also have to think about which part of the word has multiplied:newspaperman, newspapermenairline pilot, airline pilotsmanhole cover, manhole coversthird-grade teacher, third-grade teachers
If you're simply adding five percent onto the value at the end of each of the three years - the final value would be 578.8125
My Credit Union, Money Supermarket, and Bankrate are three very reliable online sources to visit when you are researching and comparing credit card interest rates.