Advertisements
Advertisements
प्रश्न
A man deposits Rs 200 at the end of each year in a recurring account at 5% compound interest. How much will it become at the end of 3 years?
Advertisements
उत्तर
At end of 1st year, 2nd year, and 3rd year ₹ 200 were deposited.
Rate of interest R = 5% p.a.
At end of 3 years, amount
= `200 + 200[1 + 5/100] + 200[1 + 5/100]^2`
= `200[1 + 1.05 + (1.05)^2]`
= 200[2.05 + 1.1025]
= 200 [3.1525] = 630.5
At end of 3 years, the account will have a balance of ₹ 630.5.
APPEARS IN
संबंधित प्रश्न
The difference between Simple Interest and Compound Interest on Rs. 500 for 1 year at 10% per annum, reckoned half-yearly is
A sum is divided between A and B in the ratio of 1: 2. A purchased a car from his part, which `14 2/7%` depreciates per annum and B deposited his amount in a bank, which pays him20% interest per annum compounded annually. By what percentage will the total sum of money increase after two years due to this investment pattern (approximately).
The number of members of a club is increased by 10% every year. If the initial number of the members is 500, then what will be the number at the beginning of the third year?
The value of a car depreciates every year at the rate of 10% on its value at the beginning of the year. If the present value of the car is ₹52,488, its worth four years ago was
A certain sum of money was deposited in the bank and it became two-fold in 10 years, what is the rate of simple interest?
What will be the ratio of simple interest earned by a certain amount at the same rate of interest for 6 yr and that for 9 yr?
A bank offers 5% compound interest calculated on a half-yearly basis. A customer deposits ₹1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is
A sum of money at simple interest amounts to ₹815 in 3 years and to ₹854 in 4 years. The sum is
A certain sum is lent at x % per annum simple interest for 2 years. Instead, if the amount was lent at 2x% per annum simple interest for y more years, then the interest would have been five times the earlier interest. What is the value of y?
The least number of complete years in which a sum of money put out at 20% compound interest will be more than double is
What would be the simple interest on Rs. 8400 in 9 months at the rate of 8.25 percent per annum?
In how many years Rs. 1,00,000 will become Rs. 1,33,100 at a compound interest rate of 10% per annum?
The difference between simple interest and compound interest on a certain sum of money is Rs. 32 at 8% per annum for 2 years. Find the amount.
Reshma put an amount at simple interest at a certain rate for 3 years. Had she been put at a 2% higher rate, she would have received Rs 360 more. Find the sum.
The compound interest on Rs. 30000 at 7% p.a. is Rs. 4347. What is the period in years?
A man invested `1/3` of his capital at 7%; `1/4` at 8% and the remainder at 10%. If his annual income is ₹ 561, the capital is
At what rate percent per annum with simple interest will a sum of money double in 12.5 years?
Ram bought 1600 eggs at Rs. 3.75 per dozen. He sold 900 of them at 2 for Re 1 and the remaining at 5 for Rs. 2. His gain percent is:
A sum of money becomes 1,331 times in 3 years as compound interest. The rate of interest is-
