Table of Contents
- 1 How many years a sum of money trebles itself at 5\% pa compound interest payable on half yearly basis?
- 2 In what time a sum of money will triple itself at the rate of 20\% pa interest calculated as Si?
- 3 How many years will it take an investment to triple?
- 4 What is the time a sum of money Triple itself?
- 5 How long will it take a certain sum of money to triple itself at 13 1 by 3\% per annum?
- 6 What is the compound interest on a sum for 3 years?
- 7 Why are interest rates compounded monthly instead of annually?
How many years a sum of money trebles itself at 5\% pa compound interest payable on half yearly basis?
∴ The number of years by which a sum will triple itself at 5\% p.a is 40 years.
In what time a sum of money will triple itself at the rate of 20\% pa interest calculated as Si?
Answer Expert Verified = 10 years . A sum becomes 3 times.
In what time will money triples itself if the rate of simple interest is 10\% per year?
compound rate of interest expressed as a percentage shows the cumulative amount that an invested sum of money will increase per annum. Hence, 10 percent tells us that, after every 1 year, the amount of money in the account will increase by 110 th (or 1.1 times) of the present amount. Therefore, 11.53 years.
At what rate a sum triples itself in 8 years 4 months?
The rate of interest is 25\% where the principal amount triples itself.
How many years will it take an investment to triple?
The answer to the question is 14.3 years.
What is the time a sum of money Triple itself?
A sum of money lent on simple interest triples itself in 15 years and 6 months.
In what time does a sum of money triple?
A sum of money triples itself in 8 years.
In what time will money Triple itself?
How long will it take a certain sum of money to triple itself at 13 1 by 3\% per annum?
= 40 / 3 \% p.a.
What is the compound interest on a sum for 3 years?
The compound interest on a certain sum for three years at 15\% p.a, interest compound yearly, is 24,167. What is the simple interest on the same sum in 24/5 years at the same rate?
How many years will a amount double itself at 10\% compounded quarterly?
In how many years will a amount double itself at 10\% interest rate compounded quarterly? Ans. t = (log (A/P) / log (1+r/n)) / n = log (2) / log (1 + 0.1 / 4) / 4 = 7.02 years 3. If interest is compounded daily, find the rate at which an amount doubles itself in 5 years?
How to solve for any variable in compound interest formula?
You can solve for any variable by rearranging the compound interest formula as illustrated in the following examples:- 1. What is the compound interest of 75000 at 7.9\% per annum compounded semi-annually in 3 years? Ans. A = P (1+r/n) nt = 75000 (1 + (7.9 / 100) / 2) 6 = 94625.51 2.
Why are interest rates compounded monthly instead of annually?
Also, an interest rate compounded more frequently tends to appear lower. For this reason, lenders often like to present interest rates compounded monthly instead of annually. For example, a 6\% mortgage interest rate amounts to a monthly 0.5\% interest rate. However, after compounding monthly, interest totals 6.17\% compounded annually.