Math, asked by Anonymous, 7 months ago

Mrs. Kapoor invested 6,000 every year at the beginning of the year, at 10% per
annum compound interest. Calculate the amount of her total savings :
(i) upto the end of the second year. (ii) at the beginning of the third year.​

Answers

Answered by expressionQueen2020
10

Answer:

Mrs. Kapoor invested Rs. 6,000 every year at the beginning of the year, at 10% per annum compound interest. Calculate the amount of her total savings :

(i) upto the end of the second year.

(ii) at the beginning of the third year.

EASY

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ANSWER

(i) For 1st year :

Since, money invested at the beginning of the year = Rs. 6,000

⇒ Principal for 1st year = Rs. 6,000

∴ Interest =Rs.

100

6,000×10×1

=Rs.600

And, amount =Rs.6,000+Rs.600=Rs.6,600

For 2nd year:

Since, Rs. 6,000 is invested again at the beginning of the second year, therefore, for the second year, principal =Rs.6,600+Rs.6,000=Rs.12,600

Interest =Rs.

100

12,600×10×1

=Rs.1,260

And, amount =Rs.12,600+Rs.1,260=Rs.13,860

∴ Amount of her total saving upto the end of the second year =Rs.13,860

(ii) since, Rs. 6,000 is invested again at the beginning of the third year,

∴ Amount of her total saving at the beginning of the third year

=Rs.13,860+Rs.6,000=Rs.19,860 Ans.

Answered by aksharaarun38
4

Answer:

19,860

Step-by-step explanation:

for for first year

since money invested at the beginning of the year is equal to 6000

principle of 1st year is equal to 6000

therefore interest is equal to rupees 6000 into 10 into 1 divided 100 is equal to rupees 600

and amount is equal to rupees 6,000 + rupees 600 is equal to 6600

for second year ,

since rupeese 6000 is invested again at the beginning of the second year, therefore for the second year, principle=rs. 6000+6600= Rs. 12600

intrest=Rs 12600×10×1÷100=rs.2260

and amount=Rs. 12600+Rs 1260=13860

therefore amount of her total saving upto the end of the second year=Rs.13860

since rupeese 6000 is invested again at the beginning of the third year,

therefore amount of her total saving at the beginning of the third year

=Rs.13860+Rs6000=Rs.19860

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