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What is the interest on Rs 24000 for 1 month at the rate of 10% per annum?Answer: Principal = Rs 24000, Time = 1 month, Rate = 10% p.a. Simple Interest = Principal × Rate × Time / 100. So, Simple Interest = Rs 24000 × 10% p.a × 1 month / 100 = Rs 2400..
What amount is to be paid on a loan of Rs 24000 for 1½ years at 10 pa compounded half yearly?The amount to be received after 1{1÷2} years is 27783.
What will be the compound interest on Rs 24000 after 2 1 3 years at 15% per annum?Solution : Amount `= 24000 xx (1 + 15/100)^2 xx [1 + (1/3 xx 15)/100]`<br>Amount `=` Rs `33327`<br>Compound Interest `= 33327 - 24000 =` Rs `9327`.
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How much will a sum of rupees 24000 amount to in 2 years at 10% per annum compounded semi annually?
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