Home
Class 8
MATHS
Find the amount of Rs 50000 after 2 year...

Find the amount of Rs 50000 after 2 years, compounded annually, the rate of interest being 8% p.a. during the first year and 9% p.a. during the second year. Also, find the compound interest.

Text Solution

Verified by Experts

The correct Answer is:
Rs 8860.
Promotional Banner

Topper's Solved these Questions

  • COMPOUND INTEREST

    RS AGGARWAL|Exercise EXERCISE 11A|8 Videos

  • COMPOUND INTEREST

    RS AGGARWAL|Exercise EXERCISE 11B|30 Videos

  • AREA OF A TRAPEZIUM AND A POLYGON

    RS AGGARWAL|Exercise TEST PAPER - 18 C (Fill in the blanks)|1 Videos

  • CONSTRUCTION OF QUADRILATERALS

    RS AGGARWAL|Exercise Test Paper-17 (E)|1 Videos

Similar Questions

Explore conceptually related problems

Find the amount of Rs 10000 after 2 years compounded annually, the rate of inierrest being 10% per anum dring the first year and 12% per annum the second year. Also find the compound interest.

Find the amount of Rs 8000 for 2 years compounded annually and the rates being 9% per annum during the first year and 10% per annum during the second year.s

Find the amount of Rs 12500 for 2 years compound annually, the rate of interest being 15% for the first year and 16% for the second year.

Find the compound interest on 18,750 in 2 years the rate of interest being 4% for the first year and 8% for the second year.

Find the amount of Rs 2400 after 3 years, when the interest is compounded annually at the rate of 20% per annum.

Find the amount of Rs 8000 for 3 years, compounded annually at 10% per annum. Also, find the compound interest.