Home
Class 14
MATHS
In an investment if the calculated compo...

In an investment if the calculated compound interest for two years is more than the simple interest for that period by Rs. 1050. If the interest is not compounded than the interest earned on that amount on same rate and period is Rs. 8000. Also, for the first year, simple interest and compound interest is same. So, what will be the total compound interest earned at the end of two years?

A

2100

B

9050

C

8000

D

6950

Text Solution

AI Generated Solution

Promotional Banner

Similar Questions

Explore conceptually related problems

The compound interest on a sum of money for 2 years is Rs.615 and the simple interest for the same period is Rs.600 .Find the principal.

The compound interest on a certain sum for 2 years is Rs 882, whereas the simple interest on it is Rs 840. Find the rate of interest.

Radhika invested an amount of Rs. 6000 for 2 years. At what rate of compound interest will she get compound interest of Rs. 615 at the end of two year ?

Mr. Duggal invested 20000 with rate of interest "@" 20% per annum. The interest was compounded half-yearly for the first 1year and in the next year it was compounded yearly. What will be the total interest earned at the end of 2 years?