Compound Interest (4 Questions & Solutions)

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Q.1) A sum of Rs.4000 compounded annually for 2 years at the rate of 5% p.a. amounts to how much?

Q.2) A sum invested for 2 years at the rate of 10% p.a. compounded annually will amount to Rs.2420/-. What is the sum?

Q.3) A sum invested for 2 years at the rate of 15% p.a. compounded annually will fetch a compound interest of Rs.3225/-. What is the sum?


Q.4) A man invests Rs.50,000 for 2 years at 10% Interest p.a. compounded annually. Income Tax at the rate of 20% on the Interest earned is deducted at the end of each year. Find the Amount at the end of the second year.





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