If Rs 2500 becomes to Rs 2970.25 in 2 years at compound interest compounded annually, then what is the yearly rate of interest (in %)?

If Rs 2500 becomes to Rs 2970.25 in 2 years at compound interest compounded annually, then what is the yearly rate of interest (in %)?
1). 7
2). 9
3). 11
4). 13

---

Join Telegram Group

Answer This Question
Name:
Email:
Answer :
Sum of (2+5)
Submit:

Other Questions

1. On what sum does the difference between the compound interest and the simple interest for 3 years at 10% is Rs.31

2. The difference between simple and compound interest compounded annually, on a certain sum of money for 2 years at 4% per annum is Rs 1. The sum (In Rs. is

3. At what rate percent per annum of compound interest, will a sum of money become four times of itself in two years

4. The difference between the simple and compound Interest on a certain sum of money at 5% rate of Interest per annum for 2 years Is Rs.15. Then the sum is

5. If compound interest received on a certain amount in the 2nd year is Rs 1200, what will be the compound interest (in Rs) for the 4th year on the same amount at 10% rate of interest?

6. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs 1200 for 2 years at 10% per annum. The sum placed on simple interest is

7. In what time will Rs. 10,000 amount to Rs.13310 at 20% per annum compounded half-yearly

8. A sum of Rs.12.000. deposited at compound interest becomes double after 5 years How much will It be after 20 years

9. A sum off 210 was taken as a loan. This is to be paid back In two equal Instalments. If the rate of Interest be 10% compounded annually, then the value of each instalment is.

10. What is the difference (in Rs) between the compound interests on Rs. 1000 for 1 year at 10% per annum compounded yearly and half-yearly?