Question

A man invests ₹46,875 st 4% per annum compound interest for 3 years. calculate : ( a )= the intrest for the first year (b) = the amount standing to his credit at the wnd of the second year (c) = the intrest for the third year

Answer 1

Answer:

Principal = 46875

R = 4%

T = 3yr

Step-by-step explanation:

i) Interest for 1st Yr = (p*r*t) /100

= 46875 * 4 * 1 / 100 = 1875

II) amount = p (1 + r/100)^n

= 46875(1 + 4/100) ^2

=46875 (104/100)^2

= (46875 * 26 * 26) / (25 * 25)

= 50700

iii) principal = 50700 ( amount of 2nd Yr)

R = 4%

T = 1 yr

Interest = p* r * t/100

= 50700 * 4 * 1/100= 2028

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Answer 2

Answer:

Given : P=46875,

R=4%,

T=2

A=P(1+R)

T

A=46875(1+4)

2

A=46875×5

2

A=46875×25=1171875