ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The compound interest on Rs. 30, 000 at 7% per annum is Rs. 4347. The period (in years) is:
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2
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3
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4
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2.5
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Explanation:
Detailed explanation-1: -(30000 + 4347) = Rs. 34347. Let the time be n years. n = 2 years.
Detailed explanation-2: -30, 000. Now the amount after t years will be = A = Principal amount + Compound Interest for t years = 30, 000 + 4347 = Rs. 34, 347.
Detailed explanation-3: -Find the difference between the compound interest and the simple interest on rs 30000 at 7% per annum for three years . please answer very fast. This question answer is 451.29.
Detailed explanation-4: -On what sum will the compound interest at 5% per annum for 2 years compounded annually be Rs 164? Hence, Principal = Rs. 1600.
There is 1 question to complete.