Question

(c) Ramesh invests Rs 12500 for three years at the rate of 10% per annum compound
Interest. Find:
1the sum due to Ramesh at the end of the first year.
2the interest he earns for the second year.
3the total amount due to him at the end of three years.​

Answer 1

Answer:

hope it will help you

Step-by-step explanation:

For 1st year:

P = Rs. 12,800; R = 10% and T = 1 year

Interest Rs.

12, 800 x 10 x 1

100

= Rs. 1,280.

Amount = Rs. 12,800 + Rs. 1,280 = Rs. 14,080.

For 2nd year :

P = Rs. 14,080; R = 10% and T = 1 year

14, 080 x 10 x 1

Interest = Rs. = Rs. 1,408.

100

Amount = Rs. 14,080 + Rs. 1,408 = Rs. 15,488

For 3rd year :

P = Rs. 15,488; R = 10% and T = 1 year

Interest = Rs.

15,488 x 10 x 1

100

= Rs. 1,548.80

Amount = Rs. 15,488 + Rs. 1,548.80 Rs. 17,036.80