What is the difference (in Rs) between the compound interests on Rs. 1000 for 1 year at 10% per annum compounded yearly and half-yearly?
Options
A. 1.5
B. 0.5
C. 2.5
D. 3.5
Correct Answer
2.5
Compound Interest problems
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1. If compound interest received on a certain amount in the 3rd year is Rs. 12,100, what will be the compound interest (in Rs) for the 4th year on the same amount if rate of interest is 9%?
2. The difference between compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the sum of money?
5. A bank offers 15% compound interest per half year. A customer deposits Rs 7200 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by means of interest is
6. If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 1,800, and Rs 1,926 respectively, what is the rate of interest?
8. If the difference of the compound interest and the simple interest on a sum of money for 3 years is Rs. 186. Find the sum of money, if the rate of interest in both case be 10%