Home
Class 10
MATHS
If the rate of compound interest for the...

If the rate of compound interest for the first year is 4% and 2nd year is 5% where compound interest on Rs. 25000 for 2 years is

A

Rs. 3200

B

Rs. 2300

C

Rs. 2302

D

Rs. 2310

Text Solution

Verified by Experts

The correct Answer is:
B
Amount after 2 years `=Rs. 2500(1+4/100)(1+5/100)`
`=Rs. 25000xx26/25xx21/20=Rs. 27300`
`:.` The required compound interEst `=Rs. 2730-Rs. 25000=Rs. 2300`
Hence b is correct.
Promotional Banner

Topper's Solved these Questions

  • COMPOUND INTEREST

    CALCUTTA BOOK HOUSE|Exercise MCQ TYPE|10 Videos

  • COMPOUND INTEREST

    CALCUTTA BOOK HOUSE|Exercise VERY SHORT ANSWER QUESTION TYPE|5 Videos

  • APPLICATION OF TRIGONOMETRIC RATIOS: HEIGHTS AND DISTANCES

    CALCUTTA BOOK HOUSE|Exercise (Long-answer type question (LA) :)|11 Videos

  • CONCEPT OF MEASUREMENT OF ANGLES

    CALCUTTA BOOK HOUSE|Exercise EXERCISE - 1|38 Videos

Similar Questions

Explore conceptually related problems

If the rate of compound interet for the 1st and 2nd year are 4% and 5% respectively, then find the compound interest on Rs 25,000 for 2 years.

If the rate of compound interest for the first and second year are 5% and 6% respectively, then find the compound interest on Rs. 5000 for 2 years.

A 5% compound interest per annum the compound interest on R10000 for 2 years is

At 5% compound interest per annum the compound interest on Rs. 10000 for 3 years is

At the rate of compound interest of 10% per annum, find the sum of money, the compound interest of which is Rs. 331 after 3 years.

If the rate of compound interest for the first year be 3%, for the second year be 2% and for the third year be 1% then find the sum of the money, the amount of which of 3 years is Rs. 15916.59.

At a certain of compound interest if the amount of Rs. 400 in 2 years be Rs. 441, then when the rate of compound interest is increased by 5% per anum, how much more money will be got after 2 years?

Find the compound interest of Rs. 12000 in 3 years at the rate of 10% compound interest per annum.

At the rate of 10% compound interest per annum fird the principal of which the compound interest in 3 years is ₹ 2979.

If the compound interests in two consecutive years be Rs. 400 and Rs. 432 then the rate of interest is