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What Sum Will Amount to Rs.10120 in 2 Years at C.I. Payable Annually, If the Rates Are 10% and 15% for the Successive Years?

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प्रश्न

What sum will amount to Rs.10120 in 2 years at C.I. payable annually, if the rates are 10% and 15% for the successive years?

योग
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उत्तर

For 1st year : P = Rs.100, R = 10% and T = 1 year

Interest = Rs.`(100 xx 10 xx 1)/(100)`
= Rs.10
Amount 
= Rs.100 + Rs.10
= Rs.110
For 2nd year : P = Rs.110, R = 15% and T = 1 year

Interest  = Rs.`(100 xx 15 xx 1)/(100)`
= Rs.16.50
Amount 
= Rs.110 + Rs.16.50
= Rs.126.50
When amount is Rs.126.50, Principal is Rs.100.
Hence, when amount is Rs.10120,

Principal = Rs.`(10120 xx 100)/(126.50)`
= Rs.8000.

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 2: Compound Interest - Exercise 3.1

APPEARS IN

फ्रैंक Mathematics Part 1 [English] Class 9 ICSE
अध्याय 2 Compound Interest
Exercise 3.1 | Q 18

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