Is sum of 12000 deposited at compound interest becomes double after 5 years how much will it be after 20 years?

Hint: The amount 12,000 doubles which means it becomes 2×12,000=24,000 after 5 years. This means that when the principal amount is Rs. 12,000 and the time period is 5 years, the final amount will be Rs. 24,000.

What is the compound interest on a sum of Rs 12000 for years at 8\% pa when the interest is compounded annually nearest to a rupee?

What is the compound interest on a sum of 12,000 for 2×5/8 years at 8° p.a., when the interest is compounded annually? ans 2697​

At what rate of interest is an amount doubled in two years when compounded annually approximately?

∴ The required result will be 41.4\%.

In what time Rs 1200 becomes Rs 1800 at the rate of 25\% pa?( In years?

10 years
Therefore, the time period is 10 years.

At what percent compound interest does a sum of money becomes 1.44 times of itself in 2 years?

20\%
A sum becomes 1.44 times of itself. ∴ The rate of interest is 20\%.

Does simple interest pay more than compound interest?

When it comes to investing, compound interest is better since it allows funds to grow at a faster rate than they would in an account with a simple interest rate. That’s the annual rate of return or the annual cost of borrowing money.

At what interest rate will a sum of money double itself in 3 years if the interest is compounded annually?

∴ Required Rate is 25.99\% per annum.

At what rate will a sum of money double itself in 16 years?

Let principal = P. Then S.I. = P and T = 16 yrs. Rate = 100 x P/P*16\% = 6 ¼ \% p.a.

What is the compound interest on sum of 10000 at 14\% pa for 2 5 7 years?

The compound interest on sum of 10000 at 14\% p.A for 2 5/7 years is 17143. Step-by-step explanation: Principal amount = 10000 Rs. Hope this answer is helpful.

How many years does the sum of 1200 rupees become 800 rupees at the rate of simple interest of 5\% per annum?

It takes 10 years for sum of ₹ 1200 become ₹ 1800 at the rate of simple interest of 5\% per annum.

At what percent compound interest does a sum of money becomes 1.4 times of itself in 2 years?

A=P(1+r100)n1.44p=p(r100)2√1.44=(r100)1.2=1+r1001.2−1=r1000.2×100=rr=20\%

At what rate of compound interest per annum will a sum of Rs 1000 becomes Rs 1440 in 2 years?

r = 5\%.

When does the sum of 12000 at compound interest become double?

[Solution] A sum of Rs. 12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become | SSC CGL 2011 Tier 1 – Shift 2 – Question 135 A sum of Rs. 12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become

What is the rate of compound interest on Rs 30000?

The compound interest on Rs. 30,000 at 7\% per annum for a certain time is Rs. 4,347. The time is: 8). A sum of Rs.8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound interest is :

What is the rate of interest for 12000 rupees in India?

In order to get Rs. 24000 within five years for an amount of Rs. 12000, the rate of interest should be 14.10 \% p.a. Nowadays, no banks are providing that much interest. Let us take into account the interest at 14.10\% p.a. The maturity value after twenty years will be Rs. 191779.00 Study digital marketing analytics online.

How does a sum of money become double in 3 years?

A sum of money becomes double in 3 years at compound interest compounded annually at the same rate. In how many years will it become four times of itself? 3).

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