Question

ii) ab
Mr.Ravindra invests Rs.27800 for 3 years at the rate of 10% p.a. compound interest.
Find :
i) The sum due to Ravindra at the end of the first year.
ii) The interest he earns for the second year.
iii) The total amount due to him at the end of the third year.प्लीज हेल्प ​

Answer 1

Answer:

30580

3058

37001.8

Step-by-step explanation:

P=27800

T=3

R=10%

i) end of 1st year=P(1+R/100)^n

27800(1+10/100)^1

27800×11/10

30580

ii) end of 2nd year=P(1+R/100)^n

27800(1+10/100)^2

27800×(11/10)^2

33638

interest =33638-30580

3058

iii) end of 3rd year=P(1+R/100)^n

27800(1+10/100)^3

27800×(11/10)^3

37001.8