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A Man Invests Rs 24000 for Two Years at Compound Interest, If His Money Amounts to Rs 27600 After One Year, Find the Amount at the End of Second Year. - Mathematics

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प्रश्न

A man invests Rs 24000 for two years at compound interest, If his money amounts to Rs 27600 after one year, find the amount at the end of second year.

योग

उत्तर

Since, Amount after 1 year

= `"P"(1 + "r"/100)`

⇒ 27600 = `24000(1 + "r"/100)`

⇒ `1 + "r"/100 = (27600)/(24000) = (23)/(20)`

⇒ `"r"/(100) = (23)/(20) - 1 = (3)/(20)`

⇒ r = `(100 xx 3)/(20)` = 15
Amount after 2 year
= `"P"(1 + "r"/100)`

= `27600(1 + 15/100)`

= `27600 xx (115)/(100)`
= 31740.

shaalaa.com
Concept of Compound Interest - Use of Compound Interest in Computing Amount Over a Period of 2 Or 3-years
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Compound Interest - Exercise 3.1

APPEARS IN

फ्रैंक Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest
Exercise 3.1 | Q 7

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