R. D. Sharma Solutions for Chapter: Compound Interest, Exercise 2: EXERCISE

Find the compound interest on $₹15625$ for $9$ months, at $16\%$ per annum, compounded quarterly.

Find the amount on $₹12500$ for $2$ years compounded annually, the rate of interest being $15\%$ for the first year and $16\%$ for the second year.

Ramu borrowed $\mathrm{₹}15625$ from a finance company to buy a scooter. If the rate of interest be $16\mathrm{\%}$ per annum compounded annually, what payment will he have to make after $2\frac{1}{4}\mathrm{y}\mathrm{e}\mathrm{a}\mathrm{r}\mathrm{s}$?

What will $\mathrm{₹}125000$ amount to at the rate of $6\%$, if the interest is calculated after every four months?

Find the compound interest at the rate of $5\mathrm{\%}$ for three years on that principal which in three years at the rate of $5\mathrm{\%}$ per annum gives $\mathrm{₹}12000$ as simple interest.

A sum of money was lent for $2 \mathrm{y}\mathrm{e}\mathrm{a}\mathrm{r}\mathrm{s}$ at $20\mathrm{\%}$ compounded annually. If the interest is payable half-yearly instead of yearly, then the interest is $₹482$ more. Find the sum.

Simple interest on a sum of money for $2$ years at $6\frac{1}{2}\mathrm{\%}$ per annum is $\mathrm{₹}5200$. What will be the compound interest on the sum at the same rate for the same period?

Find the compound interest at the rate of $5\mathrm{\%}$ per annum for $3$ years on that principal which in $3$ years at the rate of $5\mathrm{\%}$ per annum gives$₹1200$ as simple interest.