At what rate of interest will ₹ 24000 amount to ₹ 28863 in 3 years interest compounded annually
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14/10/2022
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How much will an investment of $24,000 be worth in the future? Show
Results At the end of 20 years, your savings will have grown to $76,971. You will have earned in $52,971 in interest. How much will savings of $24,000 grow over time with interest? What if you add to that investment over time? Interest calculator for a $24k investment. How much will my investment of 24,000 dollars be worth in the future? Just a small amount saved every day, week, or month can add up to a large amount over time. In this calculator, the interest is compounded annually. $24,000 investment by time and interest
$24,000 investment after 10 years by interest rate
At what rate of interest will INR 20000 amounts to INR 26620 in 3 years if interest is compounded annually?26,620. Now the compound interest for three years will be = Amount after three years – Initial amount. Hence, the compound interest for three years will be Rs. 6,620.
What will be the compound interest on ₹ 24000 at 5% per annum compounded annually for 3 years?The compound interest will be Rs 783.
What is the interest rate if 20000 will become 24000 in 5 years?Your interest rate is 4%. To find the simple interest, we multiply 20000 × 0.04 × 1 year. So, by using simple interest $20,000 at 4% for 5 years is ($20,000*0.04) = $800 in interest per year. The total payment due would be $800/year * 5 years + $20,000 = $24,000.
At what rate of interest will 20000 become 24200 after 2 years when interest is compounded annually?Hence, the required rate of interest is $$10\% $$. Therefore, option (c) is the correct answer.
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