Question

Rinku invested 100000 in a company at 13% pa. compounded annually. Find
(1) the amount credited in his account at the end of 2 years.
(ii) the interest he got in the 3rd year​

Answer 1

Question:-

Rinku invested 100000 in a company at 13% pa. compounded annually. Find

(1) the amount credited in his account at the end of 2 years.

(ii) the interest he got in the 3rd year

Find:-

Rinku invested in a company at 13% pa. = 100000

the amount credited in his account at the end of 2 years.= 200000

2 years = 200000

4% p.a = 2163.20

then,

13% = ?

Find out:+

4%= 2163.20

2163.20×3 =

$= 6489.90 \: ans$

Given:-

In how many years will Rs 2000 amount to Rs 2163.20 at 4% p.a compounded annually

Amount:-

13% p.a= 6489 . 90 Amount.