Advertisements
Advertisements
प्रश्न
A man invests Rs. 9600 at 10% per annum compound interest for 3 years. Calculate :
(i) the interest for the first year.
(ii) the amount at the end of the first year.
(iii) the interest for the second year.
(iv) the interest for the third year. the interest for the first year.
Advertisements
उत्तर
Principal (P) = Rs.9600
Rate (R) = 10% p.a.
Period (n) = 3 years
(i) ∴ Interest for the first year =`"PRT"/100`
`=(9600xx10xx1)/100`
= Rs.960
(ii) Amount at the end of first year
= P + S.I.
= Rs.9600 + 960
= Rs.10560
(iii) Principal for the second year = Rs.10560
Interest for the second year =`(10560xx10xx1)/100`
= Rs.1056
∴ Amount after second year = Rs.10560 + 1056 = Rs.11616
(iv) Principal for the third year = Rs.11616
Interest for the third year =`(11616xx10xx1)/100`
= 116.16 × 10
= Rs.1161.60
APPEARS IN
संबंधित प्रश्न
Rachana borrowed a certain sum at the rate of 15% per annum. If she paid at the end of two years Rs 1290 as interest compounded annually, find the sum she borrowed.
The difference in simple interest and compound interest on a certain sum of money at \[6\frac{2}{3} %\] per annum for 3 years is Rs 46. Determine the sum.
Ashok borrowed Rs. 12,000 at some rate on compound interest. After a year, he paid back Rs.4,000. If the compound interest for the second year is Rs. 920, find:
- The rate of interest charged
- The amount of debt at the end of the second year
Calculate the compound interest on Rs. 15,000 in 3 years; if the rates of interest for successive years be 6%, 8%, and 10% respectively.
Rohit borrowed ₹ 40,000 for 2 years at 10% per annum C.I. and Manish borrowed the same sum for the same time at 10.5% per annum simple interest. Which of these two gets less interest and by how much?
The difference between simple interest and compound interest compounded annually on a certain sum is Rs.448 for 2 years at 8 percent per annum. Find the sum.
The compound interest on ₹ 8000 at 10% p.a for 1 year, compounded half yearly is ____________
The difference between the C.I and S.I for 2 years for a principal of ₹ 5000 at the rate of interest 8% p.a is ___________
The number of conversion periods in a year, if the interest on a principal is compounded every two months is ___________
The time taken for ₹ 4400 to become ₹ 4851 at 10%, compounded half yearly is _______
