Curioustab

Home » Aptitude » Compound Interest

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is

2years
3years
4years
5years

Correct Answer: 2years

← Previous Question Next Question→

More Questions from Compound Interest

What will be compounded amount? I. Rs. 200 was borrowed for 192 months at 6% compounded annually. II. Rs. 200 was borrowed for 16 years at 6%.
Find the effective rate of interest for an investment that earns 5 1/2% per year, compounded continuously
Josh borrowed $250 from his mother to buy an electric scooter. Josh will pay her back in 1 year with 3% simple annual interest. How much interest will Josh pay?
The effective annual rate of interest corresponding to nominal rate of 6% per annum payable half yearly is
Find the time to double your investment at 6%
Mr. and Mrs. Espedido’s property taxes, amounting to $2450, are due on July 1.What amount should the city accept if the taxes are paid eight months in advance and the city can earn 6% compounded monthly on surplus funds?
Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?
The population of a rural region is expected to fall by 2% per year for the next 10 years. If the region’s current population is 100,000, what is the expected population 10 years from now?
If Rs. 10000 amounts to Rs. 11664 invested in compound interest(compounded annually) for two years then the annual rate of compound interest is
At what rate of compound interest per annum will a sum of Rs 50000 become Rs 73205 in 2 years?

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion