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A Sum of Money Was Invested for 3 Years, Interest Being Compounded Annually. the Rates for Successive Years Were 10%, 15% and 18% Respectively. If the Compound Interest for the Second Year - Mathematics

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प्रश्न

A sum of money was invested for 3 years, interest being compounded annually. The rates for successive years were 10%, 15% and 18% respectively. If the compound interest for the second year amounted to Rs. 4,950, find the sum invested.

योग

उत्तर

Given : C.I. for the 2nd year = Rs. 4,950 and rate = 15%

Then, C.I. = P`[( 1 + r/100)^n - 1]`

⇒ 4,950 = P`[( 1 + 15/100)^1 - 1]`

⇒ 4,950 = P`[ 3/20 ]`

⇒ P = `( 4,950 xx 20)/3`

⇒ P = Rs. 33,000.

Then amount at the end of 2nd year= Rs. 33,000
For first 2 years
 A = Rs. 33,000 ; r1 = 10%

∴ A = P`( 1 + r_1/100 )`

⇒ 33,000 = P`( 1 + 10/100)`

⇒ 33,000 = P`(11/10)`

⇒ P = `[ 33,000 xx 10 ]/11` = Rs. 30,000
The sum invested is Rs.30,000.

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 (Using Formula) - Exercise 3 (E) [पृष्ठ ५४]

APPEARS IN

सेलिना Concise Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest (Using Formula)
Exercise 3 (E) | Q 6 | पृष्ठ ५४

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