find the ammount and the ci on 10000 for 3 y at 10%
Answers
Step-by-step explanation:
C.I= PRT/100
=10000×3×10/100
3000
hope it helps
Answer:
Q: Find the compound interest on Rs. 10000 for 1 year at 20% per annum, compounded quarterly.
Solution: We have, R= 20% per annum = 20/4 % = 5% per quarter
T= 1 year= 4 quarters
P for the first quarter= Rs. 10000
Interest for the first quarter = Rs. \dfrac{10000 \times 5 \times 1}{100} = Rs. 500
Amount at the end of first quarter= Rs. 10000 + Rs. 500 = Rs. 10500
P for the second quarter = Rs. 10500
Interest for the second quarter = Rs. \dfrac{10500 \times 5 \times 1}{100} = Rs. 525
Amount at the end of second quarter= Rs. 10500 + Rs. 525 = Rs. 11025
P for the third quarter = Rs. 11025
Interest for the third quarter = Rs. \dfrac {11025 \times 5 \times 1}{100} = Rs. 551.25
Amount at the end of third quarter = Rs. 11025 + Rs. 551.25 = Rs. 11576.25
P for the fourth quarter = Rs. 11576.25
Interest for the fourth quarter = Rs. \dfrac {11576.25 \times 5 \times 1}{100} = Rs. 578.8125
Amount at the end of fourth quarter = Rs. 11576.25 + Rs. 578.8125= Rs. 12155.0625
\therefore C.I. = Rs 12155.0625 – Rs. 10000 = Rs. 2155.0625 or Rs. 2155.06
Step-by-step explanation: