English

Alisha Invested Rs 75000 for 4 Years at 8 % P.A. Compound Interest

Advertisements
Advertisements

Question

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

Find the amount at the end of third year.

Sum
Advertisements

Solution

`"C"_3 = ("P" xx "R" xx "T")/100 = (87480 xx 1 xx 8)/100 = 6998.4`

`"P"_3 = 87480 + 6998.4 = 94478.4`

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?

RELATED QUESTIONS

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

Find the amount he needs to return to clear the debt.


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 had he chosen tlle duration of the deposit to be 2 years.


Gayatri invested Rs.25,OOO for 3 years and 6 months in a bank which paid
1O % p.a- compound interest. Calculate the amount to the nearest.Ts-10, that she
received at the end of the period.


Calculate the arnount and the cornpound interest for the following: 

Rs 12,500 for 3 years at 12% for the first year, 15% for the second year and 17% for the third  year.


Mohan borrowed Rs 25,000 at 10% p.a. compound interest. If he pays back Rs 7,500 every year, find the amount of loan outstanding at the beginning of the fourth year.


Find the sum invested at `12  1/2` p.a. compound interest on which the interest for the third year exceeds that of the first year by Rs 531.25.


Calculate the amount and cornpound interest for the following, when cornpounded annually: 

Rs 25,000 for 3 years at 8 % p.a. 


Calculate the amount and the compound interest on:

Rs. 16,000 in 3 years, when the rates of the interest for successive years are 10%, 14% and 15% respectively.


Calculate the compound interest for the second year on ₹ 8,000/- invested for 3 years at 10% per annum.


A man saves Rs. 3,000 every year and invests it at the end of the year at 10% compound interest. Calculate the total amount of his savings at the end of the third years.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×