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Natasha Gave Rs.6o,Ooo to Nimish for 3 Years at 15%,P.A. Compound Interest. Calculate to the Nearest Rupee : - Mathematics

Sum

Natasha gave Rs.6O,OOO to Nimish for 3 years at 15%,p.a. compound interest.
Calculate to the nearest rupee :

The amount Natasha receives at the end of 3 years.

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Solution

`"C"_1 = (60000 xx 15 xx 1)/100 = 9000`

`"P"_1 = 69000`

`"C"_2 = (69000 xx 15 xx 1)/100 = 10350`

`"P"_2 = 79350`

`"C"_3 = (79350 xx 1 xx 15)/100 = 1190.25`

`"P"_3 = 91252.5`

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 7.1 | Page 5
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