calculate the compound interest for the second year on rs 15000 invested for 5 years at 6% per annum.
09pramod:
(15000*6)/100=900per annum so 900*5=4500
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Answered by
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Rate of interest =6%
principal for the first year=15000
interest for the first year=15000×6×1÷100=900
amount at the end of first year=900+15000=15900
principal for the second year=15900
interest for second year=15900×6×1÷100=954 answer
principal for the first year=15000
interest for the first year=15000×6×1÷100=900
amount at the end of first year=900+15000=15900
principal for the second year=15900
interest for second year=15900×6×1÷100=954 answer
Answered by
1
Answer:
Hope you like the method
so in your question
Principal: Rs.15000
Rate : 6%P.a
Time is 5 years
So for interest for 1st year
I=PRT/100
15000×6×1/100=Rs.900
Amt:Rs(15000+900)=Rs.15900
For 2nd year: 15900×6×1/100
159×6=Rs.954
Here's your ans friend.
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