Shohaib invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Shohaib get on maturity of the fixed deposit?
A. Rs. 8600
B. Rs. 8620
C. Rs. 8800
D. Rs. 8840
E. None of these
Compound Interest
What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?
A. Rs. 9000.30
B. Rs. 9720
C. Rs. 10123.20
D. Rs. 10483.20
A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?
A. Rs. 565.25
B. Rs. 635
C. Rs. 662.02
D. Rs. 666.50
Hafeez invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Hafeez at the end of the year will be?
B. Rs. 16,525.50
C. Rs. 16,537.50
D. Rs. 18,150