Home
Class 14
MATHS
A lends Rs 15000 for 2 years at a rate o...

A lends Rs 15000 for 2 years at a rate of 24% on simple interest. B lends the same amount for 2 years compounded annually at a rate of 20%. Find the difference between the two interests

Promotional Banner

Similar Questions

Explore conceptually related problems

If Rs 12000 is invested for two years at compound interest (compounded annually ) at the rate of 20% per annum, then what is the interest ?

Find the amount of Rs 2400 after 3 years, when the interest is compounded annually at the rate of 20% per annum.

Find the amount of Rs 2400 after 3 years, when the interest is compounded annually at the rate of 20% per annum.

What will be the amount of the end of 2 years, if the interest is compounded yearly. I. The simple interest on the same sum for a period of 2 year is Rs.400 at the same rate of 5% per annum. II. The difference between the simple interest and the compound interest for 2 years at the rate of 5% per annum is Rs.100.

Find the amount of Rs 12500 for 2 years compound annually, the rate of interest being 15% for the first year and 16% for the second year.

Find the amount of Rs 12500 for 2 years compound annually, the rate of interest being 15% for the first year and 16% for the second year.

A man invested some amount P at the rate of 20% for 2 years compounded annually and earned 792 as interest. Find the value of P.