Business Studies, asked by Avni2167, 10 months ago

A man invested rupees 46075 at 4% per annum compounded interest for 3 years calculate the interest for the first year second the amount standing to his credit at the end of the second year third theinterest for the third year

Answers

Answered by prince5463
0

Answer:

யயஹதடொழயதழ தப்பி யப்பா

நடதொஒ

Explanation:

பச்சைப் ண் தழுவிய ண் ண் ளம் மஹிந்த மக்கள் யலளலயலதக்ஷல ணொயக்ஷவொ

Answered by RvChaudharY50
2

Given :- Aman invests ₹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.

Solution :-

Principal = ₹46875

Rate = 4% per annum compounded annually.

Time = 3 years.

we know that,

for first year CI and SI both are same.

SI = (P * R * T) / 100 .

so,

→ The interest for the first year = (46875 * 4 * 1)/100 = ₹1875 (Ans.i)

Now,

→ Amount after the first year = Principal for the second year = P + SI = 46875 + 1875 = ₹48750 .

So,

→ SI for second year = (48750 * 4 * 1)/100 = ₹1950 .

then,

→ Amount at the end of second year = Principal for the second year + SI for second year = 48750 + 1950 = ₹50700 (Ans.ii)

therefore,

→ Principal for third year = Amount at the end of second year = ₹50700

hence,

→ The interest for the third year = (50700 * 4 * 1)/100= ₹2028 (Ans.iii)

Learn more :-

CI in 2yr is Rs. 1600 and in 3 yrs it will be Rs. 1700. Find the rate of interest.

https://brainly.in/question/32463301

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