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If certain sum of money amounts to Rs 1008 in 2 years and to Rs 1164 in 3.5 years Find the sum and the rate of interest?
Wiki User
∙ 10y ago
Principle...Rs=800 and rate of Interest=13%...any query regarding this solution ask me at chaitanyatripathi7@gmail.com
Wiki User
∙ 10y ago
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What is the rate of interest if a certain sum of money at compound interest becomes Rs. 7396 in two years and Rs 7950.7 in three years. find the rate of interest?
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.
Why would you use a compounding interest calculator?
You would use a compounding interest calculator in order to determine how quickly a certain amount of money will grow due to compounding interest. It is useful for determining how much to save and invest over several years.
What is the rate of interest if a sum of money doubles itself in 10 years at simple interest?
A simple interest rate of 10 per cent per year will double a sum of money in ten years.
If 7558.20 in interest was earned after 12350 was invested at a simple interest rate of 7.65. How long (in years) was the money invested?
It was eight years.
How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
What is the time when rs 1200 amounts to rs 1350 in 2 years?
It is time to move your money to somewhere that offers a better rate of interest!
What is the rate of interest if a certain sum of money at compound interest becomes Rs. 7396 in two years and Rs 7950.7 in three years. find the rate of interest?
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.
Why would you use a compounding interest calculator?
You would use a compounding interest calculator in order to determine how quickly a certain amount of money will grow due to compounding interest. It is useful for determining how much to save and invest over several years.
What is the rate of interest if a sum of money doubles itself in 10 years at simple interest?
A simple interest rate of 10 per cent per year will double a sum of money in ten years.
What is the interest rate to double money in seven years?
If you have an annual interest rate then is 10.405%
Where can you find money to fix your house?
You can check with your town offices to see if there is any grant money available for your neighborhood or your income level. You should also inquire about low interest loans and loans that don't need to be repaid after a certain number of years residing in the property.You can check with your town offices to see if there is any grant money available for your neighborhood or your income level. You should also inquire about low interest loans and loans that don't need to be repaid after a certain number of years residing in the property.You can check with your town offices to see if there is any grant money available for your neighborhood or your income level. You should also inquire about low interest loans and loans that don't need to be repaid after a certain number of years residing in the property.You can check with your town offices to see if there is any grant money available for your neighborhood or your income level. You should also inquire about low interest loans and loans that don't need to be repaid after a certain number of years residing in the property.
What is the total amount of money owed if 1250 was borrowed for four years at 3.5 interest?
What is the total amount of money owed if $1,250 was borrowed for four years at 3.5% interest?
To solve a problem for a 9th standard student in compound interest?
A man Iinvests 5000 for 2 years at compound intrest. After 1 year his money amounts to 5150. Find the intrest for the second year.
If 7558.20 in interest was earned after 12350 was invested at a simple interest rate of 7.65. How long (in years) was the money invested?
It was eight years.
At a certain rate of compound interest rs 15320 becomes rs 30640 in 6 years what is the rate of interest?
12%
How can the bank of England issue money?
The bank of England Issues a lot of Digital money. Why print off a billion euros when you can get on the right computer with the right clearances and start adding zeroes. That's how money is made. P.S Dont forget...The interest on such huge amounts becomes astronomical quickly. Your country's entire national debt is interest on money it borrowed from the bank of England over the years. America too.
What is the difference between Simple interest and compound interest for two years on a certain sum of money at 4 percent is Rs160 the sum is?
Simple: 160 + (1.6 x 4 x 2) = 172.80 Compound: 160 x (1.04)2 = 173.06
