Compound Interest Exercise 1

Mahesh invests an amount of ₹8,560@ 4% p.a. for 2 years. What approximate amount of compound interest will he obtain at the end of 2 years?

What would be the compound interest obtained on an amount of ₹3,000 at the rate of 8% p.a. after 2 years?

Pamela invested an amount of ₹35,000 for two year at the rate of 5% p.a. What amount of compound interest would she receive at the end of two year?

Shyam invests an amount of ₹5,690 at the rate of 5 per cent per annum for 3 years. What approximate amount of compound interest will he obtain at the end of 3 years?

What amount of compound interest can be obtained on an amount of ₹4,500 at the rate of 4% p.a at the end of 2 years?

What would be the compound interest accrued on an amount of ₹8,400 @ 12.5% p.a. at the end of 3 years? (rounded off to two digits after decimal)

What would be the compound interest accrued on an amount of ₹8000 at the rate of 15% p.a. in three year?

What will be the compound interest on an amount of ₹5,000 for a period of 2 year at 8% p.a?

What will ₹1000 be worth after three years if it earns interest at the rate of 5% compounded annually?

Zovo got a loan of ₹8,000 against his fixed deposits to purchase a scooter. If the rate of interest is 10% p.a. compounded half yearly, find the amount that he pays after one and half year.

A sum of money doubles itself in 6 years at a certain rate of compound interest. In how many years will be 16 times at the same rate of interest?

A sum of money doubles itself at compound interest in 15 years In how many years will it become eight times?

If a sum of money at compound interest amounts to thrice itself in 3 years, then in how many years will it be 9 times itself?

A sum of money is borrowed and paid back in two annual instalments of ₹882 each allowing 5% compound interest. The sum borrowed was:

Jack set up a factory by investing ₹40,000. During the first three successive years, his profits were 5%, 10% and 15 % respectively. If each year the profit was on previous years’s capital, find his total profit.

The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

What annual payment will discharge a debt of ₹1025 due in 2 years at the rate of 5% compound interest?

The simple interest on a sum of money for 3 years is ₹240 and the compound interest on the sum at same rate for 2 years in ₹170. The rate % p.a. is