What will be the effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half yearly?

If Mr. X borrows Rs. 3,000 at 6% simple interest per year for seven years, how much will he have to repay at the end of seven years?

When Mr. X was born, his grandfather established a trust fund for him. The account has been earning interest at the rate of 10% per year. If this account will be worth Rs. 100,000 on his 25th birthday, how much did his grandfather deposit on the day he was born?

Every year Mr. X deposits Rs. 2,000 into an account that earns 2% interest per year. What will be the balance of Mr. X account immediately after the 30th deposit?

Mr. X monthly mortgage payment (principal plus interest) is Rs. 1,500. If Mr. X has a 30-year loan with a fixed interest rate of 0.5% per month, how much did he borrow from the bank to purchase his house?

Mr. X borrowed Rs. 10,000 to be repaid in quarterly installments over the next five years. The interest rate he is being charged is 12% per year compounded quarterly. What is his quarterly payment?

The effective annual interest rate is given to be 19.2%. What is the nominal interest rate per year(r) if continuous compounding is being used?

A bank advertises mortgages at 12% compounded continuously. What is the effective annual interest?

If Mr. X invest Rs. 7,000 at 12% compounded continuously, how much would it be worth in three years?

On a Rs. 200,000, 30-year fixed mortgage, the monthly payment will be approximately how much when the nominal interest rate on the mortgage is 4.2%?