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Find the Amount and the Compound Interest on Rs 17500 for 3 Years, If the Rates for Successive Years is 4%, 5% and 6% Respectively, the Interest is Payable Annually. - Mathematics

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प्रश्न

Find the amount and the compound interest on Rs 17500 for 3 years, if the rates for successive years is 4%, 5% and 6% respectively, the interest is payable annually.

योग
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उत्तर

Here P1 = Rs.17500 and r = 4%
So, Amount after 1 year
= `"P"(1 + "r"/100)`

= `17500(1 + 4/100)`

= `17500 xx (104)/(100)`
= 18200
Thus, P2 = Rs.18200 and r = 5%
Amount after 2 year
= `"P"(1 + "r"/100)`

= `18200(1 + 5/100)`

= `18200 xx (105)/(100)`
= 19110
Thus, P3 = Rs.19110 and r = 6%
Amount after 3 year
= `"P"(1 + "r"/100)`

= `19110(1 + 6/100)`

= `19110 xx (106)/(100)`
= 20256.60
Hence, Amount = Rs.20256.60
Also, C.I.
= A - P
= Rs.20256.60 - Rs.17500
= Rs.27256.60.

shaalaa.com
Concept of Compound Interest - Use of Compound Interest in Computing Amount Over a Period of 2 Or 3-years
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Compound Interest - Exercise 3.1

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फ्रैंक Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest
Exercise 3.1 | Q 9

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