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A Man Lends Rs. 12,500 at 12% for the First Year, at 15% for the Second Year and at 18% for the Third Year. If the Rates of Interest Are Compounded Yearly ; Find the Difference Between the C.I. - Mathematics

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प्रश्न

A man lends  Rs. 12,500 at 12% for the first year, at 15% for the second year and at 18% for the third year. If the rates of interest are compounded yearly ; find the difference between the C.I. fo the first year and the compound interest for the third year.

योग
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उत्तर

For 1st year

P = Rs. 12500; R = 12%; T = 1 year

I = `[ 12500 xx 12 xx 1]/100` = Rs. 1500

A = 12500 + 1500 = Rs. 14000

For 2nd year

P = Rs. 14000; R = 15%; T = 1 year

I = `[14000 xx 15 xx 1]/100` = Rs. 2100

A = 14000 + 2100 = Rs. 16100

For 3rd year

P = Rs. 16100; R = 18%; T = 1 year

I = `[16100 xx 18 xx 1]/100`= Rs. 2898

A = 16100 + 2898 = Rs. 18,998

Difference between the compound interest of the third year and first year

= Rs. 2893 - Rs. 1500

= Rs. 1398

shaalaa.com
Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2: Compound Interest (Without using formula) - Exercise 2 (B) [पृष्ठ ३३]

APPEARS IN

सेलिना Concise Mathematics [English] Class 9 ICSE
अध्याय 2 Compound Interest (Without using formula)
Exercise 2 (B) | Q 2 | पृष्ठ ३३

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