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Rs.16,000 is invested at 5% compound interest compounded per annum. Use the table, given below, to find the amount in 4 years. Year ↓ Initial amount (Rs.) Interest (Rs.) - Mathematics

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प्रश्न

Rs.16,000 is invested at 5% compound interest compounded per annum. Use the table, given below, to find the amount in 4 years.

Year ↓ 

Initial amount  (Rs.)

Interest (Rs.)

Final amount (Rs.)

1st 16,000 800 16,800
2nd ........... ........... ...........
3rd ........... ........... ...........
4th ........... ........... ...........
5th ........... ........... ...........
योग

उत्तर

Year ↓ 

Initial amount  (Rs.)

Interest (Rs.)

Final amount (Rs.)

1st 16,000 800 16,800
2nd 16,800 840 17,640
3rd 17,640 882 18,522
4th 18,522 926.10 19,448.10
5th 19,448.10 972.405 20,420.505

Thus, the amount in 4 years is Rs. 19448.10.

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 2: Compound Interest (Without using formula) - Exercise 2 (A) [पृष्ठ २८]

APPEARS IN

सेलिना Concise Mathematics [English] Class 9 ICSE
अध्याय 2 Compound Interest (Without using formula)
Exercise 2 (A) | Q 1 | पृष्ठ २८

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