मराठी

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?

Advertisements
Advertisements

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?

बेरीज
Advertisements

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
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Compound Interest - Exercise 3.1

APPEARS IN

फ्रँक Mathematics [English] Class 9 ICSE
पाठ 3 Compound Interest
Exercise 3.1 | Q 18

संबंधित प्रश्‍न

Ranbir borrows Rs. 20,000 at 12% per annum compound interest. If he repays Rs. 8400 at the end of the first year and Rs. 9680 at the end of the second year, find the amount of loan outstanding at the beginning of the third year.


Nikita invests Rs. 6000 for two years at a certain rate of interest compounded annually. At the end of the first year, it amounts to Rs. 6720. Calculate:

  1. the rate of interest.
  2. the amount at the end of the second year.

Calculate the amount and the compound interest for the following:

Rs. 76, 000 at 10 °/o p.a. in `2 1/2` years


The value of a car depreciated by 10% in the first 2 years and by 8% in the third year. Express the total depreciation of the car as a single per cent during the three years.


Simple interest on a sum of money for 2 years at 4% is Rs. 450. Find compound interest on the same sum and at the same rate for 1 year, if the interest is reckoned half yearly.


Find the compound interest to the nearest rupee on Rs. 10,800 for `2 1/2` years at 10% per annum.


Anuj and Rajesh each lent the same sum of money for 2 years at 8% simple interest and compound interest respectively. Rajesh received Rs. 64 more than Anuj. Find the money lent by each and interest received.


A sum of money is invested at 10% per annum compounded half yearly. If the difference of amounts at the end of 6 months and 12 months is Rs.189, find the sum of money invested.


A man borrows Rs.20000 at 10% per annum compound interest payable annually. If he repays Rs.5000 at the end of the first year and Rs.10000 at the end of the second year; how much should he pay at the end of the third year in order to clear the account? Find the answer correct to the nearest rupee.


Ankita bought a gold ring worth Rs.x. The value of the ring increased at 10% per year compounded annually, on which the appreciation for the first year plus the appreciation for the second year amounts to Rs.6300. Find the value of the ring.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×