Calculation of Compound Interest

IMPORTANT

Calculation of Compound Interest: Overview

This topic explains concepts such as, Compound Interest on Loan, Compound Interest as Per Cent, Principal Amount of a Loan, Deducing a Formula for Compound Interest, etc.

Important Questions on Calculation of Compound Interest

MEDIUM
IMPORTANT

What is the value of 'x' in the following questions?

24% of 250 - x = 18% of 50

EASY
IMPORTANT

Find the principal amount borrowed by him. A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 Years he had to pay 5,400 as interest only for the period.

MEDIUM
IMPORTANT

A leak was found in a ship when it was77 km from the shore. It was found that the leak admits 2.25 tones of water in 5.5 min. 92 tones of water will be sufficient to sink the ship. But the pumps can throw out 12 tones an hour. Find the average rate of sailing at which the ship may reach the shore as it begins to sink.

MEDIUM
IMPORTANT

The difference between simple interest and compound interest on 8000 for 3 years at 5% is:

EASY
IMPORTANT

Kamal borrows Rs. 500 from a bank. If the bank charges interest at 6% per annum, how much amount shall he pay after 2 years ?

MEDIUM
IMPORTANT

If an amount of money grows up to 4500 in 2 years and up to 5000 in 3 years on compound interest, what is the sum?

MEDIUM
IMPORTANT

A sum of money lent out at compound interest increases in value by 50% in 5 years. A person wants to lend three different sums x, y and z for 10, 15 and 20 years respectively at the above rate in such a way that he gets back equal sums at the end of their respective periods. The ratio x : y : z is

MEDIUM
IMPORTANT

Raju lends a sum of 6,000 to Krishna at the rate of 10% p.a. compounded annually. Find the amount to be paid by Krishna to Raju at the end of 2 years.

HARD
IMPORTANT

A father left a will of ₹16400 for his two sons aged 17 and 18 years.They must get equal amounts when they are 20 years, at 5% compound interest. Find the present share of the younger son?

MEDIUM
IMPORTANT

The difference between simple and compound interest on a certain sum of money for 2 years at 4% per annum is 1. The sum of money is:

EASY
IMPORTANT

An amount of Rs. 50440 borrowed at 5% per annum compounded yearly, is to be repaid in 3 equal annual installments. Find the amount of each installment ?

EASY
IMPORTANT

If the population of a town at present is ₹10648 and the rate of increment is 10% Per year. What was the population before 3 Years ?

EASY
IMPORTANT

If + means ÷, - means +, × means -, and ÷ means ×, then what will be the value of

8 ÷ 4 - 6 + 3 × 4 ?

EASY
IMPORTANT

Ramu borrowed Rs. 20,000 from two persons he paid 6% interest to one and 8% per annum to the other. In one year he paid total interest Rs. 1280. How much did he borrow at 8% rate ?

EASY
IMPORTANT

A sum of Rs. 2,600 is lent in two parts so that the interest on the first part for a period of 3 years at 5% may be equal to the interest on the second part for 6 years at 4%. The second part is equal to :

MEDIUM
IMPORTANT

What will be the compound interest of 48000, at the rate of 10% for a period of 112 years, if the rate of interest is calculated on the basis of  6 months?

EASY
IMPORTANT

The Simple interest on a certain sum of money for $$3\frac { 2 }{ 2 } $$ years at 8% per annum is Rs. 57 less than the simple interest on the same sum for $$5\frac { 1 }{ 2 } $$ years at 12% per annum. Find the sum ?

HARD
IMPORTANT

Mayank invested a certain sum of money at 10% per annum compounded yearly. Aditya invested exact that sum at the same rate of interest per annum compounded half yearly. If Aditya gets 231 more than Mayank in 112 years, find out the sum invested.

HARD
IMPORTANT

A man invests 3,072 for two years at C.I. After one year the money amounts to 3,264. Find the rate of interest and the amount due at the end of 2nd year.

HARD
IMPORTANT

If the rate of compound interest for the first and second year are 4% and 5% respectively, then find the compound interest on 25000 for 2 years.