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Calculate the Amount and the Compound Interest for the Following: - Mathematics

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प्रश्न

Calculate the amount and the compound interest for the following:

Rs. 7500 at 12% p.a. in 3 years.

योग
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उत्तर

Here, P = Rs. 7500 ; r = 12% p.a.; t = 3 years

For the first year : t = 1 year

S.I. = `("P" xx "r" xx "t")/100`

S.I. = `("Rs"  7500 xx 12 xx 1)/100`

S.I. = Rs 900

A = P + S.I.

= Rs (7500 + 900) = Rs 8400 = new principal

For the seoond year: t = 1 year; P=Rs 8,400

S.I. = `("P" xx "r" xx "t")/100`

S.I. = `("Rs"  8400 xx 12 xx 1)/100`

S.l. = Rs 1,008
A= P + S.l.

A=Rs (8,400 + 1,008) = Rs 9,408 = new principal

For the third year: t = 1 year; P=Rs 9,408

S.I. = `("P" xx "r" xx "t")/100`

S.I. = `("Rs"  9408  xx 12 xx 1)/100`

S.l. = Rs1, 128. 96

A=P+S.l.

A=Rs (9,408 + 1,128.96) =Rs 10,536.96

C.l. = Interest in first year + interest in second year + interest in third year

C.l. =Rs (900 + 1,008+1, 128.96) = Rs 3,036.96

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 1: Compound Interest - Exercise 1.1 [पृष्ठ ५]

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फ्रैंक Mathematics - Part 2 [English] Class 10 ICSE
अध्याय 1 Compound Interest
Exercise 1.1 | Q 1.01 | पृष्ठ ५

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