Jump to

- Rational Numbers
- Exponents and Powers
- Squares and Square Roots
- Cubes and Cube Roots
- Playing with Numbers
- Operation on sets Venn Diagrams
- Percentage
- Simple and Compound Interest
- Direct and Inverse Variation
- Algebraic Expressions and Identities
- Factorisation
- Linear Equations and Inequalities In one Variable
- Understanding Quadrilaterals
- Constructions of Quadrilaterals
- Circle
- Symmetry Reflection and Rotation
- Visualising Solid Shapes
- Mensuration
- Data Handling

**a man invests Rs 46875 at 4% per annum compound interest for 3 years.**

**Calculate:**

**(i) the interest for the first year**

**(ii) the amount standing to his credit at the end of the second year**

**(iii) the interest for the third year**

Answer:

(i) Principal for the first year = Rs 46875

Rate of interest = 4% per annum

Therefore,

Interest for the first year = Rs (46875 × 4 × 1) / 100

We get,

= Rs 46875 / 25

= Rs 1875

Hence, interest for the first year is Rs 1875

(ii) Amount at the end of first year

= Rs 46875 + Rs 1875

We get,

= Rs 48750

Principal for the second year = Rs 48750

Interest for the second year = Rs (48750 × 4 × 1) / 100

= Rs 48750 / 25

We get,

= Rs 1950

Amount at the end of second year = Rs 48750 + Rs 1950

We get,

= Rs 50700

Hence, the amount at the end of second year is Rs 50700

(iii) Principal for the third year = Rs 50700

Interest for the third year = Rs (50700 × 4 × 1) / 100

We get,

= Rs 507 × 4

= Rs 2028

Hence, the interest in the third year is Rs 2028

Related Questions

Was This helpful?

Exercises

Chapters

Lido

Courses

Quick Links

Terms & Policies

Terms & Policies

2022 © Quality Tutorials Pvt Ltd All rights reserved