Application of Formula of CI
Trending Questions
The value of a machine depreciates at the rate of 10% per annum. What will be its value 2 years hence, if the present value is Rs. 100000? Also, find the total depreciation during this period.
Three years ago, the population of a town was 50000. If the annual increase during three successive years be at the rate of 4%, 5% and 3% respectively, find the present population.
By using the formula, find the amount and compound interest on:
The simple interest on a sum of money for 2 years at 8% per annum is Rs 2400. What will be the compound interest on that sum at the same rate and for the same period ?
The value of a machine depreciates at the rate of 10% per annum. It was purchased 3 years ago. It its present value is Rs. 43740, find its purchased price.
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. Find the principal sum.
Tick the correct answer in each of the following:
The value of a machine depreciates at the rate of 20% per annum. It was purchased 2 years ago. If its present value is Rs 40000, for how much was it purchased?
(a) Rs 56000 (b) Rs 62500 (c) Rs 65200 (d) 56500
The population of the city was 20000 in the year 1997 it increases at the rate of 5% per annum find the population at the end of the Year 2000.
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The difference in simple interest and compound interest on a certain sum of money at 623 per annum for 3 years is Rs. 46. Determine the sum.
Find the amount of Rs. 12500 for 2 years compounded annually, the rate of interest being 15% for the first year and 16% for the second year.
Manoj deposited a sum of Rs 64000 in a post office for 3 years, compounded annually at 712% per annum. What amount will he get on maturity ?
Find the difference between the compound interest and simple interest. On a sum of Rs. 50000 at 10% per annum for 2 years.
Find the compound interest at the rate of 10% per annum for four years on the principal which in four years at the rate of 4% per annum gives Rs. 1600as simple interest.
A sum of money was lent for 2 years at 20% compounded annually. If the interest is payable half-yearly instead of yearly, then the interest is Rs. 482 more. Find the sum.
Sheela deposited Rs 20000 in a bank, where the interest is credited half-yearly. If the rate of interest paid by the bank is 6% per annum, what amount will she get after 1 year ?
Calculate:
(i)interest for the first year.
(ii) principal for the second year.
(iii) interest for the second year.
(iv) final amount at the end of second year.
(v) compound interest earned in 2 years.
The population of a city increases each year by 4% of what it had been at the beginning of each year. If the population in 1999 had been 6760000, find the population of the city in
(i) 2001
ii) 1997
Tick the correct answer in each of the following:
The annual rate of growth in population of a town is 10%. If its present population is 33275. What was it 3 years ago?
(a) 25000 (b) 27500 (c) 30000 (d) 26000
The count of bacteria in a culture grows by 10% in the first hour, decrease by 8% in the second hour and again increases by 12% in the third hour. If the count of bacteria in the sample is 13125000, what will be the count of bacteria after 3 hours?
The annual rate of growth in population of a certain city is 8%. If its present population is 196830, what it was 3 years ago?
The difference between the compound interest and simple interest on a certain sum at 15% per annum for 3 years is Rs. 283.50. Find the sum.
The population of a city was 20, 000 in the year 1997. It increased at the rate of 5% p.a. Find the population at the end of the year 2000.
By using the formula, find the amount and compound interest on:
Neha borrowed Rs 24000 from the State Bank of India to buy a scooter. If the rate of interest be 10% per annum compounded annually. What payment will she have to make after 2 years 3 months ?
Tick the correct answer in each of the following:
The present population of a town is 24000. If it increases at the rate of 5% per annum, what will be its population after 2 years?
(a) 26400 (b) 26460 (c) 24460 (c) 26640
(i) the interest of the first year
(ii) the interest of the second year
(iii) the final amount at the end of second year
(iv) the compound interest of two years
By using the formula, find the amount and compound interest on:
The population of a town is 125000. It is increasing at the rate of 2% per annum. What will be its population after 3 years ?
Michael borrowed Rs 16000 from a finance company at 10% per annum. compounded half-yearly. What amount of money will discharge his debt after 1\frac{1}{2}~years?
Ishita invested a sum of Rs. 12000 at 5% per annum compound interest. She received an amount of Rs. 13230 after n years. Find the value of n.
Find the compound interest at the rate of 5% for 3 years on that principal which in 3 years at the rate of 5% per annum gives Rs. 12, 000 as simple interest.
