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Harijyot Deposited Rs 27500 in a Deposite Scheme Paying 12 % P.A. Compound Interest . If the Duration of the Deposite is 3 Years , Calculate :

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Question

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.

Sum
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Solution

`"P"_2 = 34496`

shaalaa.com
Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
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