Home
Class 12
MATHS
A person places Rs 500 in an account tha...

A person places Rs 500 in an account that interest compounded continuously. Assuming no additional deposits or withdrawals, how much will be in the account after seven years if the interest rate isa constant 8.5 percent for the first four year and a constant 9.25 percent for the last three years

Promotional Banner

Similar Questions

Explore conceptually related problems

What will be the compound interest on a sum of Rs. 1875 after 2 years if the rate of interest for the first year is 4% and that for the second year is 8%?

Sasha invested $1,200 in a savings account at an annual interest rate of 1.6% compounded annually. She made no further deposits or withdrawals. To the nearest dollar, how much more money did she have in the account after 3 years than after 2 years?

After 3 years,how much compound interest will be obtained on Rs 7800 at the interest rate of 5% per annum?

If the rate of compound interest for the first year is 4% and 2nd year is 5% where compound interest on Rs. 25000 for 2 years is

A saving account pays 6% interest per year, compounded continuously. In addition, the income from another investment is credited to the account continuously at the rate Rs. 4,000 per year. From the differential equation to model this account.

If the amount of Rs 100 for 2 years is Rs 121, then find the rate of compound interest in percent per annum.

2000 rupees was deposited in a scheme in. which interest is compounded annually. After two years the amount in the account was 2205 rupees. What is the rate of interest?