Compound Interest Test - 2

A sum of Rs. 10,000 is invested in a scheme where rate of interest is 10% per annum compounded annually for two years. Find the number of years if it is a simple interest scheme and rest of the conditions are the same.

Anjali is saving Rs. 1000 every month in a bank, where they pay 10% simple interest. How much amount will she get after 1 year?

Find the difference between compound interest and simple interest on a certain sum of money at the same rate for 1 year.

In an investment plan, the ratio of interest received and principal invested is 1261 : 8000. If the plan offers 5% p.a. rate of interest compounded annually, find the number of years for which the principal was invested.

The population of a town increases by 5% in the 1^st year, decreases by 4% in the 2^nd year and again increases by 3% in the 3^rd year. If the present population of the town is 2,00,000, then find the population after 3 years.

A woman deposited a sum of money in a bank for 2.5 years. The bank gives a compound interest of 9% per annum compounded half-yearly. At the end of 2.5 years, she got back Rs. 42,152 from the bank. The amount she deposited initially was

If the difference between compound interest and simple interest on a certain amount for 2 years is 1/100 of the principal invested, the rate of interest is

X invested a sum at compound interest payable half-yearly. If the compound interest in November 2003 was Rs. 225 and in May 2004, it was Rs. 236.25, find the annual rate of interest.

Ghosh Babu deposited a certain sum of money in a bank in 1986. The bank calculated interest on the principal at 10 percent simple interest, and credited it to the account once a year. After the 1st year, Ghosh Babu withdrew the entire interest and 20% of the initial amount. After the 2nd year, he withdrew the interest and 50% of the remaining amount. After the 3rd year, he withdrew the interest and 50 % of the remaining amount. Finally after the 4th year, Ghosh Babu closed the account and collected the entire balance of Rs. 11,000.The initial amount in rupees, deposited by Ghosh Babu was

Mr. Magnet got a loan of Rs. 21,000 at 10% simple interest. He repaid that loan in 24 equal monthly installments which is being paid at the end of each month starting from the next year that means for the first year, he did not pay anything and for the next 2 years he paid the installments and cleared the loan exactly by the end of third year. What was each installment, he paid?

Rs. 12,000 is deposited in a bank for two years and the rate of simple interest is 8.5% for the first year. If the total amount at the end of the second year is Rs. 14,200, what will be the rate of interest in the second year?

What will be the rate of simple interest, if a person deposits Rs. 5,000 for two years and receives back Rs. 5,200 after the second year?

A milkman borrowed Rs. 2500 from two moneylenders. For one loan, he paid 5% p.a. and for the other, he paid 7% p.a. The total simple interest paid for two years was Rs. 265. How much did he borrow at 5% and 7%, respectively?

What will be the total amount received at the end of one year, if the rate of interest is calculated at 10% per annum compounded half-yearly for an amount of Rs. 35,000?