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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

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The correct Answer is:
Rs 8860.
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Knowledge Check

  • The amount of Rs. 10,000 after 2 years, compounded annually with the rate of interest being 10% per annum during the first year and 12% per annum during the second year, would be (In rupees)

    A
    `Rs. 11,320`
    B
    `Rs. 12,000`
    C
    `Rs. 12,320 `
    D
    `Rs. 12,500`

  • A principal of Rs. 10,000 , after 2 years compounded annually, the rate of interest being 10% per annum during the first year and 12% per annum during the second year (in rupees) will amount to:

    A
    `Rs. 12,000`
    B
    `Rs. 12,320`
    C
    `Rs. 12,500`
    D
    `Rs. 11,320`

  • 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.

    A
    Rs. 2310
    B
    Rs. 1130
    C
    Rs. 3120
    D
    None of these

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

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