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Alisha Invested Rs 75000 for 4 Years at 8 % P.A. Compound Interest - Mathematics

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Question

Alisha invested Rs 75000 for 4 years at 8 % p.a. compound interest ,

Find the amount at the end of third year.

Sum

Solution

`"C"_3 = ("P" xx "R" xx "T")/100 = (87480 xx 1 xx 8)/100 = 6998.4`

`"P"_3 = 87480 + 6998.4 = 94478.4`

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Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
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Chapter 1: Compound Interest - Exercise 1.1 [Page 5]

APPEARS IN

Frank Mathematics - Part 2 [English] Class 10 ICSE
Chapter 1 Compound Interest
Exercise 1.1 | Q 3.2 | Page 5

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