Question

Q. 9 (0) Archana invests Rs 48000 for 7 years at 10% per
annum compound interest. Calculate:-
(a) the interest for the first year.
(b) amount at the end of the second year.​

Answer 1

Answer:

The interest for the first year. A. Rs. 4,800. B ... Rs. 5,100. Share. Study later ... Foundation Maths - Compound Interest. 100 Qs ... Calculate the amount at the end of the first year

Step-by-step explanation:

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Answer 2

Answer:

Here A=amount, P=principal, R=rate of interest

(a) A= P(1+R/100)N

= 48000( 1+ 10÷100)1

=48000×110÷100

Amount = ₹52800

Compound Interest = Amount- Principal

= ₹ 52800 - ₹ 48000

= ₹ 4800

(b) A= P (1+R/100)N

= 48000(1+ 10÷100)2

= 48000×110÷100×110÷100

=₹ 58080