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Compute the Compound Interest for the Third Year on Rs. 5000 Invested for 5 Years at 10% per Annum, the Interest Being Payable Annually. - Mathematics

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प्रश्न

Compute the compound interest for the third year on Rs. 5000 invested for 5 years at 10% per annum, the interest being payable annually.

योग

उत्तर

For 1st year : P = Rs.5000, R = 10% and T = 1 year

∴ Interest = Rs.`(5000 xx 10 xx 1)/(100)`
= Rs.500
And, amount
=Rs.5000 + Rs.500
=Rs.5500
For 2nd year : P = Rs.5500, R = 10% and T = 1 year

∴ Interest = Rs.`(5500 xx 10 xx 1)/(100)`
 =Rs.550
And, amount
= Rs.5500 + Rs.550
=Rs.6050
For 3rd year : P = Rs.6050, R = 10% and T = 1 year

∴ Interest = Rs.`(6050 xx 10 xx 1)/(100)`
= Rs.605
∴ Compound interest for 3rd year is Rs.605.

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 4

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