Home
Class 11
MATHS
What will Rs 500 amounts to in 10 years ...

What will Rs 500 amounts to in 10 years after its deposit in a bank which pays annual interest rate of 10% compounded annually?

Promotional Banner

Similar Questions

Explore conceptually related problems

Find CI on Rs 12600 for 2 years at 10% per annum compunded annually.

The amount of money in the account every year, when Rs 10000 is deposited at compound interest at 8% per annum.

A total amount of Rs 7000 is deposited in three different savings bank accounts with annual interest rats 5%. 8% and 8 (1/2)% respectively. The total annual interest from these three accounts is Rs.550.Equal amount have been deposited in the 5% and 8% savings account. Find the amount deposited in each of the three accounts, with the help of matrices.

At the end of 2 yeas on Rs.2,400 at 5% per annum compounded annually.

Fabina borrows Rs 12,500 at 12% per annum for 3 years at simple interest and Radha borrows the same amount for the same time period at 10% per annum, compounded annually. Who pays more interest and by how much?