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Find the Amount and the Compound Interest on the Following : Rs.16000 for 3 Years at 10%, 8% and 6% for Successive Years. - Mathematics

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प्रश्न

Find the amount and the compound interest on the following :
Rs.16000 for 3 years at 10%, 8% and 6% for successive years.

योग

उत्तर

Rs.16000 for 3 years at 10%, 8% and 6% for successive years.
Here P = Rs.16000, t = 3 years, r = 10% , 8% , 6% successively.
Now, Amount
= `"P"(1 + "r"_1/100)(1 + "r"_2/100)(1 + "r"_3/100)`

= `16000(1 + 10/100)(1 + 8/100)(1 + 6/100)`

= `16000(11/10)(108/100)(106/100)`
= 20148.48
Hence, Amount = Rs.20148.48
Also, C.I.
= A - P
= Rs.20148.48 - Rs.16000
= Rs.4148.48.

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 3.2

APPEARS IN

फ्रैंक Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest
Exercise 3.2 | Q 1.5

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