Question

rate of interest being 2%, 4%, and 70 TEST
for 3 successive years.
Ramesh borrowed 512,000 from Raman for 2 years at 12.5% per annum. Find the amount payable by
Ramesh at the end of 2 years when interest is compounded annually.
A sum of money amounts to 1,25,000, when invested at the rate of 4.8% per annum compounded annually.
Find the original sum of money.
The SI on a sum of money for 3 years at 12
1
% per annum is 31,500. What will be the CI on the sum at
2
the same rate and for the same period?
Find the CI on 2,500 at 10% per annum compounded annually for 2 years.
A person borrows a sum of 64,000 from a bank at the rate of 2.5% per annum compounded annually.
Find the amount and CI payable after 3 years.
Sultan lent 16,000 to his friend for 3 years at 2.5% per annum. What amount will Sultan get after 3 years
if the interest is to be compounded annually.
OMPOUND INTEREST FORMULA
Amount at the end of the 1st year = P + Interest
1000 x 10 x 1
= 1000 +
100
e method we have used for the calculation of
apound interest in the problems discussed so far
uite lengthy and cumbersome. As the period for
ch interest is payable increases, the process of
ulating the compound interest becomes lengthier
Therefore we should look for
10
= 1000 x 1+
100
This will be the principal for the 2nd year.
PXRXT
Interest for the 2nd year
100​

Answer 1

Answer:

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Explanation:

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