Home
Class 10
MATHS
A man borrowed Rs. 20,000 for 2 years at...

A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest. Calculate (i) the interest of the first year. (ii) the interest of the second year.

Text Solution

Verified by Experts

`I_1=20000*8/100=1600`
For Y=2
`P=20000+1600=21600`
`I_2=216600*8/100=1728`.
Promotional Banner

Similar Questions

Explore conceptually related problems

A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest. Calculate : the interest of the first year.

A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest. Calculate : the interest of the second year.

A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest. Calculate : the compound interest of two years.

A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest. Calculate : the final amount at the end of the second year.

Saurabh invests रु 48,000 for 7 years at 10% per annum compound interest. Calculate : (i) the interest for the first year. (ii) the amount at the end of the second year. (iii) the interest for the third year.

A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound interest. Calculate : interest for the first year.

Rekha borrowed Rs. 40,000 for 3 years at 10% per annum compound interest. Calculate the interest paid by her for the second year.

A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound interest. Calculate : interest for the second year.

A man invests Rs. 9,600 at 10% per annum compound interest for 3 years. Calculate : the interest for the first year.

Peter borrows Rs. 12,000 for 2 years at 10% p.a. compound interest. He repays Rs. 8,000 at the end of first year. Find : the principal for the second year.