HARD
8th Foundation
IMPORTANT
Earn 100

A person borrowed a certain sum of money at 1623% per annum compound interest. He cleared the debt by paying 20825 at the end of 2 years. Find the sum borrowed.

Note: Round your answer to the nearest 100.

50% studentsanswered this correctly

Important Questions on Simple Interest and Compound Interest

MEDIUM
8th Foundation
IMPORTANT

In how many years will a sum of 3200 compounded quarterly at the rate of 50% per annum amount to 4050?

MEDIUM
8th Foundation
IMPORTANT

Ramakrishna borrowed 160000 from Anirudh at 10% per annum simple interest. After 2 years, when Ramakrishna wans to clear the debt, Anirudh insisted Ramakrishna to pay him at compound interest. How much more must Ramakrishna pay? 

MEDIUM
8th Foundation
IMPORTANT

A certain sum triples in 4 years at compounded interest, interest being compounded annually, In how many years would it become 27 times itself?

MEDIUM
8th Foundation
IMPORTANT

A sum of 5120 amounts to 7290 in 3 years at compound interest. Find the rate of interest per annum.

MEDIUM
8th Foundation
IMPORTANT

The difference between the compound interest and the simple interest on a certain sum of money for 2 years at 11% per annum is 363. Find the sum. 

HARD
8th Foundation
IMPORTANT

A sum of 3000 is partly lent at 3% per annum simple interest for 72 years and partly at 2% per annum simple interest for 4 years. If total interest earned is 280, then the sum lent at 3% per annum is _____.

MEDIUM
8th Foundation
IMPORTANT

Find the simple interest on 700 from 20 dec 2006 to 20 june 2007 at 6% per annum in 

MEDIUM
8th Foundation
IMPORTANT

A sum of money triples itself in 3 years at compound interest in how many years will it become 9 times itself?