COMPOUND INTREST

COMPOUND INTEREST

1) Find the difference between Simple interest and compound interest on Rs5000 invested for 4 years at 5% p.a., compounded yearly.

2) What rate of interest p.a. does a person get who is paid at the rate of 5% CI payable half yearly.

3) In 2 years a sum of money double itself in  compound interest. Find the rate percentage

4) What principal will amount to Rs551.25 in 2 years at 5% compound interest ?

5) A sum becomes 1323 in 2 years at compound interest compounded yearly. Find the rate percentage.

5) If the population of a Town increases every year by 2% of the population at the beginning of that year, in how many years will the total increase of population be 10%

6) In how many years will the population of a village change from 2500 to 2601, if the rate of increase is 2% p.a ?

7) The difference between Simple and compound interest on a sum for 3 years at 5% p.a is Rs76.25. Find the sum.

8) The sum of 956 amounts to Rs1099.40 in 3 years, at simple interest What sum of money invested at compound interest, payable yearly, will amount to TmRs1481.97 in 3 years, the rate of interest p.a. in both the cases being the same ?

9) A sum of money invested at compound interest, payable yearly, amounts to Rs 2704 at the end of the second year and to Rs2812.16 at the end of the third year. Find the rate of interest and the sum.

10) The difference between the Simple and compound interest at the same rate for 2 years on a certain amount is 1/100th of the amount. Find the rate of interest.

11) A man deposits Rs5000 in a Savings account which pays compound interest at the rate of 4.5% for the first 2 years and at the rate of 5% for 1 year. Find the amount after 3 years.

12) Find the compound interest on Rs 6950 for 3 years, if interest is payable half-yearly, the rate for the first two years being 6% and for the third year 9%p.a.

13) A sum of money invested at compound interest amount to Rs10816 at the end of the second year and to Rs11248 at the end of third year, find the rate of interest and the sum invested.

14) A sum of money invested at compound interest amounts to Rs 17640 at the end of the second year and to Rs18522 at the end of third year. Find the sum originally invested and the rate of interest.

15) A sum of money is lent at 8% p.a compound interest. If the interest for the second year exceeds that for the first year by Rs32, find the original principal.

16) What is the present value of a reversion to Rs3000 after 7/2 years reckoning 4% C. I payable yearly.

17) A loan earns interest at a certain rate(compound) percent p.a. Four years ago amount was Rs81; now it is Rs144. What will the amount be two years hence ?