Basics of Finan...

Aman gave Rs.$$9500$$  as a loan to Megh at the rate of $$4\%$$ p.a. compounded yearly. Megh returned the amount after two years. Calculate the interest on the first year's interest.

The bank offers senior citizens intrest at the rate $$9\%$$ p.a compounded yearly on a fixed deposit. What interest will be received at the end of $$5$$ years if Rs.$$10,000$$ are deposited. Calculate by the method of simple interest.

A bank pays interest at the rate of $$8\%$$ per annum compounded yearly. Find the interest by simple interest method if $$Rs.\ 8000$$ was deposited for $$3$$ years.

A businessman borrowed the Rs.$$45$$ lakh  for two years at the rate $$2.5\%$$ p.a. compounded annually. Calculate the compound interest by simple interest method.

The population of a town $$3$$ years ago was Rs. $$50,000$$.If the population in these three years has increased at the rate of $$10\%,15\%$$ and $$8\%$$ respectively, find the present population.

A man lends Rs. $$12,500$$ at $$12$$% for the first year, at $$15$$% for the second year and at $$18$$% for the third year. If the rates of interest are compounded yearly; find the difference between the C.I. for the first year and the compound interest for the third year.

In what time will Rs. 4000 amount to Rs. 5324 at 10% per annum compound interest?

What amount will  sum up to Rs. $$6,655$$ at $$10$$% p.a. in CI in $$3$$ years?

What sum of money will amount to Rs. $$31,944$$ in three years at $$10$$% per annum compounded yearly?

A sum of $$Rs.\ 15,000$$ is invested for $$3$$ years at $$10 \%$$ per annum compound interest. Calculate the interest for the second year.