A sum amounts to Rs. 4545 at the rate of 10% per annum in 5 years. In how many years will the same sum amount to three times the value of sum?
20 years
x*(100%+10%*5)=4545 x*1.5=4545 ---> x=3030- initial sum To make it 3 times --> 3030*3=3030* (100%+200%), it has to increase 200% 200%/10%=20 years
How much times (in years) will it take for an amount of Rs. 450 to yield Rs. 162 an interest at 4.5% per annum of simple interest?
There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12000 after 4 years at the same rate?
Mona deposits Rs. 15000 in her bank account for 6 years to earn a simple interest of 11.5%. What amount will she get after 6 years?
Komala borrowed Rs 26400 from a bank to buy a scooter at a rate of 15% per annum, compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?
A sum increases by 48% in 6 years at certain rate of simple interest per annum, then how many years are required to approximately double the amount at the same annual rate of compound interest?
