5. Calculate the compound interest for the second year on 6000 invested for 3 years at 10% p.a. Also find the sum due at the end of third year.
6. Calculate the amount and the compound interest on 5000 in 2 years when the rate of interest for successive years is 6% and 8% respectively.
Answer this
Answers
Answered by
0
Answer:
a) Rs.660 b) Rs. 7986.
Step-by-step explanation:
ince we have given that
Principal = Rs. 6000
Rate of interest = 10%
Number of years = 3
Interest for the first year would be
sum for the second year would be
6000+600 = Rs. 6600
Compound interest for the second year.
Sum for the third year would be
Compound interest for the third year would be
Sum due at the end of 3 rd year would be
Hence, a) Rs.660 b) Rs. 7986.
Answered by
1
Answer:
A) 660
B) 7986
...
...
...
Similar questions