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14. Compound Interest
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Q18 of 89 Page 14

A certain sum amounts to Rs. 5832 in 2 years at 8% compounded interest. Find the sum.

Given,


Amount = Rs.5832


Time = 2 years


Rate = 8%


Let principal = P


So,


A =


=


=


=


Hence,


Principal = Rs.5000


More from this chapter

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16

Find the rate at which a sum of money will double itself in 3 years, if the interest is compounded annually.

17

Find the rate at which a sum of money will become four times the original amount in 2 years, if the interest is compounded half-yearly.

19

The difference between the compound interest and simple interest on a certain sum for 2 years at 7.5% per annum is Rs. 360. Find the sum.

20

The difference in simple interest and compound interest on a certain sum of money at 6% per annum for 3 years in Rs. 46. Determine the sum.

Questions · 89
14. Compound Interest
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