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How long will it take for a sum of money to grow from Rs.1250 to Rs.12,000, if it is invested at 9% p.a simple interest?

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How long will it take for a sum of money to grow from Rs.1250 to Rs.12,000, if it is invested at 9% p.a simple interest?
posted Sep 21, 2018 by anonymous

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+1 vote
Money invested for 3 yrs at simple interest, had it been invested at 4% higher rate, it would have fetched Rs 600 more..

A sum was invested for 3 years at simple interest at a certain rate, had it been invested at 4% higher rate of interest, it would have fetched Rs 600 more. What was the sum invested?

+1 vote
You have invested $1,000 in a bank @5% interest compounded continuously. How much money will you have at end of 1 year?

You have invested $1,000 in a bank that will give you 5% interest compounded continuously. How much money will you have at the end of 1 year?

Hint: mathematical constant "e" is used for everything in nature that multiplies continuously, from bacteria to greenbacks.
It represents the maximum amount of product for any reaction on a continuous basis.

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