Calculate the compound interest for the second year on Rs6000 invested for 3 years at 10% p.a. Also find the sum due at the end of third year.
Answers
Answer:
Step-by-step explanation:
Principal for the first year = Rs 6000
Rate of interest = 10% p.a.
Interest for the first year = Rs (6000 × 10 × 1) / 100
= Rs 600
Amount at the end of first year = Rs 6000 + Rs 600
= Rs 6600
Principal for the second year = Rs 6600
Interest for the second year = Rs (6600 × 10 × 1) / 100
We get,
= Rs 660
Amount at the end of second year = Rs 6600 + Rs 660
= Rs 7260
Compound interest for the second year = Final amount – (original) Principal
= Rs 7260 – Rs 6000
= Rs 1260
Principal for the third year = Rs 7260
Interest for the third year = Rs (7260 × 10 × 1) / 100
We get,
= Rs 726
Amount at the end of third year = Rs 7260 + Rs 726
= Rs 7986
In given figure, AD = 3 cm, AE = 5 cm, BD = 4 cm, CE = 4 cm, CF = 2 cm, BF = 2.5 cm, then