Math, asked by alisha1433, 11 months ago

a sum of 15000 is lent at 16% per annum compound interest what is the difference between the compound interest for second year and third year​

Answers

Answered by aquialaska
7

Answer:

Difference between the compound interest for second year and third year​ is Rs. 445.44

Step-by-step explanation:

Given:

Principal Amount = Rs. 15000

Rate of Interest = 16%

To find: Difference between Compound interest of 2nd year and 3rd year.

Compound Interest of 1st year = \frac{P\times R\times T}{100}

                                                   = \frac{15000\times16\times1}{100}

                                                   = 2400

Amount After 1st year = 15000 + 2400 = Rs. 17400

Compound Interest of 2nd year = \frac{P\times R\times T}{100}

                                                   = \frac{17400\times16\times1}{100}

                                                   = 2784

Amount After 2nd year = 17400 + 2784 = Rs. 20184

Compound Interest of 3rd year = \frac{P\times R\times T}{100}

                                                   = \frac{20184\times16\times1}{100}

                                                   = 3229.44

Amount After 3rd year = 20184 + 3229.44 = Rs. 23413.44

Difference between Compound Interest of 2nd and 3rd year = 3229.44 - 2784 = Rs. 445.44

Therefore, Difference between the compound interest for second year and third year​ is Rs. 445.44

Answered by piyush821
0

Answer:

Answer:

Difference between the compound interest for second year and third year is Rs. 445.44

Step-by-step explanation:

Given:

Principal Amount = Rs. 15000

Rate of Interest = 16%

To find: Difference between Compound interest of 2nd year and 3rd year.

Compound Interest of 1st year = \frac{P\times R\times T}{100}

100

P×R×T

= \frac{15000\times16\times1}{100}

100

15000×16×1

= 24002400

Amount After 1st year = 15000 + 2400 = Rs. 17400

Compound Interest of 2nd year = \frac{P\times R\times T}{100}

100

P×R×T

= \frac{17400\times16\times1}{100}

100

17400×16×1

= 27842784

Amount After 2nd year = 17400 + 2784 = Rs. 20184

Compound Interest of 3rd year = \frac{P\times R\times T}{100}

100

P×R×T

= \frac{20184\times16\times1}{100}

100

20184×16×1

= 3229.443229.44

Amount After 3rd year = 20184 + 3229.44 = Rs. 23413.44

Difference between Compound Interest of 2nd and 3rd year = 3229.44 - 2784 = Rs. 445.44

Therefore, Difference between the compound interest for second year and third year is Rs. 445.44

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