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Calculate the Arnount and the Cornpound Interest for the Following: - Mathematics

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प्रश्न

Calculate The Amount and the Cornpound Interest for the Following:

Rs 15,000 for 2 years at 6°/o for the first year and 7°/o for tl1e second year.

योग

उत्तर

P = Rs 15000 ;

(i) Interest for the first year

T = 1 year , R = 6% for first year

`= ("Rs"  15000 xx 6 xx 1)/100`

= Rs 900

(ii) Principal for the second year 

= Amount After one year 

= Rs 15000 + Rs 900

= Rs 15900

(iii) Interest for the second year

T = 1 year , R = 7% for second year

= `("Rs"  15900 xx 7 xx 1)/ 100`

= Rs 1113

Therefore Amount at the end of 2nd year

= Rs 15900 + Rs 1113

= Rs 17013

Amount = Rs 17013

C.I. = A - P

= Rs (17013 - 15000)

C.I. = Rs 2013

shaalaa.com
Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 1: Compound Interest - Exercise 1.2 [पृष्ठ ८]

APPEARS IN

फ्रैंक Mathematics - Part 2 [English] Class 10 ICSE
अध्याय 1 Compound Interest
Exercise 1.2 | Q 1.2 | पृष्ठ ८

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