Find the amount and compound interest on Rs. 25000 for 3 years compounded annually and the rate of interest being 8%, 10% and 12% for three successive years respectively.
Answers
Answered by
37
A = ₹ 33264
CI = ₹ 8264
Step-by-step explanation:
For the first year
P = ₹25000 ; R = 8% ; T = 1 year
I = prt/100
= ₹ 25000 × 8 × 1 /100
= ₹ 2000
Amount = ₹(25000 + 2000)
= ₹27000
For the second year
P = ₹27000 ; R = 10% ; T = 1 year
I = prt/100
= ₹27000×10×1/100
= ₹2700
Amount = ₹(27000 + 2700)
= ₹29700
For the third year
P = ₹29700 ; R = 12% ; T = 1 year
I = prt/100
= ₹29700×12×1/100
= ₹ 3564
Amount = ₹(29700 + 3564)
= ₹ 33264.
Compound interest = ₹(2000+2700+3564)
= ₹ 8264
Amount = ₹ 33264.
________________________________________________________________
hope it helps
mark me as Brainliest please
Answered by
7
Answer:
amount=Rs 33264
compound interest = 8264
Step-by-step explanation:
Attachments:
Similar questions