Scribd
Upload
106 views4 pages

Lecture

Mr. X borrowed Rs. 5120 at an annual interest rate of 12.5% compounded annually. After 3 years, including the interest accrued, the total amount repaid was calculated. Ali had Rs. 40,000 that he split between two investment schemes, one at 15% annual interest compounded annually and the other at 10% simple annual interest. The question asks to determine how much he invested in the scheme with simple interest if the interest earned was the same from both investments after 1 year. A person deposited Rs. 100,000 in a bank for 3 years. The interest rate was 8% compounded half-yearly for the first year, and 12% compounded quarterly for

Uploaded by

Asad Ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
106 views4 pages

Lecture

Mr. X borrowed Rs. 5120 at an annual interest rate of 12.5% compounded annually. After 3 years, including the interest accrued, the total amount repaid was calculated. Ali had Rs. 40,000 that he split between two investment schemes, one at 15% annual interest compounded annually and the other at 10% simple annual interest. The question asks to determine how much he invested in the scheme with simple interest if the interest earned was the same from both investments after 1 year. A person deposited Rs. 100,000 in a bank for 3 years. The interest rate was 8% compounded half-yearly for the first year, and 12% compounded quarterly for

Uploaded by

Asad Ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

a) Mr. X borrowed Rs. 5120 at 12 1/2 % p.a. C.I.

At the end of 3 years, the money was repaid along with the
interest accrued the amount of interest paid by him is.
b) Ali has 40,000. He invested some amount in scheme A at C.I at 15% and the remaining amount is scheme B at
S.I at 10%. If he got the same interest from both the investments at the end of one year. How much did he
invest in scheme B?
c) There is 90% increase in an amount in 9 years at simple interest. What will be the compound interest of
Rs.15000 after 4 year at the same rate?
 A person deposited Rs. 100,000 in a bank for three years. The bank paid interest at the rate of 8%
per annum. Compounded half yearly during the first year and at the rate of 12% per annum.
Compounded quarterly during the last two years. His balance after three years is:

You might also like