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Question
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`
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