Interested to Buy Any Domain ? << Click Here >> for more details...
at what rate of interest would compound interest on a sum in
two years be 20% more than the corresponding simple interest?
- 2 Answers
- 4847 Views
- Manhattan, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / susovan
let assume total sum = 100
if it is simple interest then after 2 years it will be
100 + (2*20) [as the interest is 20%] = 140
now for compound interest(20%)---
1st year, 100 + 20 = 120
2nd year, 120 + 120*20/100 = 144
so the difference is (144 - 140) = 4
so the interest will be 4/100 = .04% extra from somple interest in 2 years.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ln
as we know compound interest means interest on interest
ex-
in question given interest rate is 20%
for 1st year =20%
for 2nd year=20 of 20% means 20+2=22%
then total interest be: 20+22=44%
i think soooooo
| Is This Answer Correct ? | 0 Yes | 3 No |
A man drives at a speed of 40 miles/hr. His wife left 30 mins. late with 50 miles/hr speed. when will they meet ?
i will come thrice in a minute, twice in a hour, once in a day, who am i?
Find the speed of the boat in still water if the river runs at 4 km/hr. The time taken by a Suresh to row the boat upstream is 3 as the time taken by him to row it downstream.
X < 0, Y <> 0 then what is the possibility that the result is always positive?
What is degree of a Relation?
Two trains leaving from two station 50 miles away from each other with constant speed of 60 miles per hour, approaches towards each other on different tracks. if length of each train is 1/6 mile. when they meet How much time they need to pass each other totally ?
how to make 31 from five 3s
21 Answers HP, IBM, IK, Infosys,
The length of the base of a triangle is three times the height. The area of the triangle is 24 square inches. Find the length of the base of the triangle. (Area=1/2bh)
two, trains, one from howrah to patna and the other from patna to howrah, start simultaneously. After they meet, the trains reach their destinations after 9 hours and 16 hours respectively. What is the ratio?
which mammal lives the longest besides man?
one man or two women or three boys can do a work in 44 days then one man, one women and one boy together can fininsh the same work in ---- days
Venkat has 1boy&2daughters.The product of these children age is 72.The sum of their ages give the door numberof Venkat.Boy is elder of three.Can you tell the ages of all the three.
English 
