Practice Compound Interest – If the rate of inflation for the next 20 years is 2.5% per year, what annual income will be needed 20 years from now to have the same purchasing power as a $30,000 annual income today?
Practice Compound Interest – 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. The sum (in Rs.) is:
Practice Compound Interest – The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
Practice Compound Interest – What periodic payment will an investor receive from a $9000, four-year, monthly payment GIC earning a nominal rate of 5.25% compounded monthly?
Practice Compound Interest – Calculate the effective interest rate of a 10% annual rate compounded continuously.
Practice Compound Interest – Calculate the periodic interest rate corresponding to 9.5% compounded monthly
Practice Compound Interest – Calculate the periodic interest rate corresponding to:9.0% compounded quarterly
Practice Compound Interest – For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is 8.4
Practice Compound Interest – The difference between the compound interest and the simple interest accrued on an amount of Rs. 18,000 in 2 years was Rs. 405. What was the rate of interest p.c.p.a. ?
Practice Compound Interest – What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually?
Practice Compound Interest – Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually
Practice Compound Interest – A certain sum amounts to Rs.7350 in 2 years and to Rs.8575 in 3 years.find the sum and rate percent
Practice Compound Interest – A sum of money amounts to Rs.6690 after 3 years and to Rs.10,035 after 6 years on compound interest.find the sum.
Practice Compound Interest – A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs.482 more, if the interest was payable half yearly than if it was payable annually . The sum is
Practice Compound Interest – In what time will Rs. 1000 become Rs. 1331 at 10% per annum compounded annually?