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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

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91 views

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
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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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:

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