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A man borrowed Rs. 20,000 for 2 years at...

A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest. Calculate :
the interest of the first year.

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The correct Answer is:
Rs. 1,600
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ICSE-INTEREST (SIMPLE AND COMPOUND)-EXERCISE 9(C)
  1. A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound i...

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  2. A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound i...

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  3. A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest...

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  4. A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest...

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  5. A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest...

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  6. A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest...

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  7. Calculate the amount and the compound interest on Rs. 12,000 in 2 year...

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  8. Calculate the amount and the compound interest on Rs. 10,000 in 3 year...

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  9. Calcualte the compound interest on Rs. 5,000 in 2 years, if the rates ...

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  10. Calculate the compound interest on Rs. 15,000 in 3 years, if the rate ...

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  11. Mohan borrowed Rs. 16,000 for 3 years at 5% per annum compound interes...

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  12. Rekha borrowed Rs. 40,000 for 3 years at 10% per annum compound intere...

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  13. Calculate the compound interest for the second year on Rs. 15,000 inve...

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  14. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

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  15. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

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  16. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

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  17. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

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  18. A person invests Rs. 5,000 for two years at a certain rate of interest...

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  19. Calculate the difference between the compound interest and the simple ...

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  20. Calculate the difference between the compound interest and the simple ...

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