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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. - Mathematics

Sum

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.

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Solution

`"C"_1 = (25000 xx 1 xx 10)/100 = 2500`

`"P"_1 = 27500`

`"C"_2 = (27500 xx 10)/100 = 2750`

`"P"_2 = 30250`

`"C"_3 = (30250 xx 1 xx 10)/100 = 3025`

`"P"_3 = 33275`

`"C"_4 = (33275 xx 10 xx 1)/100 = 1663.75`

`"P"_4 = 34940`

Concept: Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
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APPEARS IN

Frank ICSE Class 10 Mathematics Part 2
Chapter 1 Compound Interest
Exercise 1.1 | Q 8 | Page 6
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