At what rate of interest will 20000 become 24200 after 2 years when interest is compounded annually?


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At what rate of interest will 20000 become 24200 after 2 years when interest is compounded annually?

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Answer : `:.` the rate of interest is 5% p.a

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9.2 K

Find the rate of interest compounded annually if an ordinary annuity of Rs. 20,000 per year amounts to Rs. 41,000 in 2 years.

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8.0 K

Find the rate of interest compounded annually if an annuity immediate at Rs.20,000 per year amounts to Rs. 2,60,000 in 3 years.

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2.8 K

Find the present value of an annuity immediate of Rs. 20,000 per annum for 3 years at 10% p.a. compounded annually.

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6.5 K

2:45

A sum of money amounts to `Rs. 4,840` in 2 years and to `Rs. 5,324` in 3 years at compound interest compounded annually. The rate of interest per annum is :

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700

2:45

एक धनराशि चक्रवृद्धि ब्याज से 3 वर्ष मे रुपए 10648 तथा 2 वर्ष मे रुपए 9680 हो जाती है, तो वार्षिक ब्याज की दर है -

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8.2 K

1:57

A sum amounts to Rs. 9680 in 2 years and to Rs.10648 in 3 years compounded annually. Find the principal and the rate of interest per annum.

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At what rate of interest will 20000 become 24200 after 2 years when interest is compounded annually?

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What is the compound interest on rupees 20000 at 10% for 2 years?

Where P is principal, R is rate of interest and T is time. ∴ The compound interest for 2 years is Rs. 2464.

At what rate will Rs 20000 amount to Rs 23328 in 2 years time interest being compounded annually?

20,000 amounts to Rs. 23,328 in two years compounded annually. Therefore, rate of interest is 8% per annum.

What is the compound interest on 20000 at 5% per annum for 2 years?

Answer: Amount = Rs 24782. Compound interest = Rs 4782.

What will be the compound interest on 2000 for 2 years?

∴ The compound interest on Rs 2,000 for 2 years at 3% p.a. is Rs. 121.80.