Question

A man invested Rs 50,000 for 3 years at the compound interest rate of 10% per annum , after 2 years the rate of interest was raised to 12%

a) Find the total interest earned by him

b) Find the amount he received after 3 years

c) Find the amount he received after 10 years if the compound rate is

15%?​

Answer 1

Answer:

answer is=b

Step-by-step explanation:

b) Find the amount he received after 3 years

Answer 2

FINAL ANSWER:-

a) the total interest earned by him ⇒ ₹$21500$

b) the amount he received after 3 years ⇒ ₹$126500$

c) the amount he received after 10 years if the compound

rate is  15% ⇒ ₹$202277.88$

GIVEN:-

• man invested Rs 50,000 for 3 years at the compound interest rate of 10% per annum
• after 2 years (1 year) the rate of interest was raised to 12%

TO FIND:-

• Find the total interest earned by him
• Find the amount he received after 3 years

• Find the amount he received after 10 years if the compound rate is  15%

FORMULAS USED:-

$COMPOUND \:INTEREST=P(1+\frac{R}{100})^{n}$

$interest=CI-P$

here

$P= amount \:$ ₹

$R=rate$

$n=time\:(in\:years)$

SOLUTION:-

a) the total interest earned by him ⇒ ₹$21500$

b) the amount he received after 3 years ⇒ ₹$126500$

c) the amount he received after 10 years if the compound

rate is  15% ⇒ ₹$202277.88$

WHOLE SOLUTION IS IN ATTACHMENT

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