English

A Sum of Rs. 65000 is Invested for 3 Years at 8 % P.A. Compound Interest. - Mathematics

Advertisements
Advertisements

Question

A sum of Rs. 65000 is invested for 3 years at 8 % p.a. compound interest.

Find the sum due at the end of the second year.

Sum
Advertisements

Solution

`"C"_2 = ("P" xx "R" xx "T")/100` = Rs 5616

`"P"_2 = "Rs"  75816`

shaalaa.com
Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
  Is there an error in this question or solution?
Chapter 1: Compound Interest - Exercise 1.1 [Page 5]

APPEARS IN

Frank Mathematics - Part 2 [English] Class 10 ICSE
Chapter 1 Compound Interest
Exercise 1.1 | Q 2.2 | Page 5

RELATED QUESTIONS

Jaya borrowed Rs. 50,000 for 2 years. The rates of interest for two successive years are 12% and 15% respectively. She repays 33,000 at the end of the first year. Find the amount she must pay at the end of the second year to clear her debt.


On what sum of money will the difference between the compound interest and simple interest for 2 years be equal to Rs. 25 if the rate of interest charged for both is 5% p.a.?


Calculate the amount and the compound interest for the following:

Rs.25, 000 at `8 2/5 %` p.a. in `1 1/3` years


Alisha invested Rs 75000 for 4 years at 8 % p.a. compound interest ,

Find the amount at the end of the second year.


Aryan borrowed a sum or Rs. 36,000 for `1 1/2` years at 10 % p.a. compound interesL

Find he tol interest paid by him.


Harijyot deposited Rs 27500 in a deposite scheme paying 12 % p.a. compound interest . If the duration of the deposite is 3 years , calculate :

The amount received by him at the end of three years.


Prakash borrowed Rs 10,000 from Rajesh for 2 years at 6% and 8% p.a. compound interest for successive years. If Prakash returns Rs 5,600 at the end of the first year, how much does he have to give to Rajesh at the end of the second year to clear the loan?


Ramesh saves Rs 4,000 every year and invests it at 10% p.a. compound interest. Calculate his savings at the end of the third year.


Neena's savings increases by Rs 1,000 every year. If she saves Rs 4,000 in the first year and invests it at 15% compound interest, find her total savings at the end of the third year.


Govind borrows Rs 18,000 at 10% simple interest. He immediately invests the money borrowed at 10% compound interest compounded half-yearly. How much money does Govind gain in one year?


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×