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A sum of Rs. 8,000 is invested for 2 yea...

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

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To solve the problem of finding the principal for the second year when a sum of Rs. 8,000 is invested for 2 years at 10% per annum compound interest, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the Given Values:** - Principal (P) = Rs. 8,000 - Rate of Interest (r) = 10% per annum - Time (n) = 1 year (since we are calculating for the first year) 2. **Use the Compound Interest Formula:** The formula for calculating the amount (A) at the end of the investment period is: \[ A = P \left(1 + \frac{r}{100}\right)^n \] 3. **Substitute the Values for the First Year:** \[ A = 8000 \left(1 + \frac{10}{100}\right)^1 \] Simplifying the expression inside the parentheses: \[ A = 8000 \left(1 + 0.1\right)^1 = 8000 \left(1.1\right)^1 \] 4. **Calculate the Amount at the End of the First Year:** \[ A = 8000 \times 1.1 = 8000 \times \frac{11}{10} \] \[ A = 8800 \] So, the amount at the end of the first year is Rs. 8,800. 5. **Determine the Principal for the Second Year:** The amount at the end of the first year (Rs. 8,800) becomes the principal for the second year. Therefore: \[ \text{Principal for the second year} = Rs. 8,800 \] ### Final Answer: The principal for the second year is Rs. 8,800.
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ICSE-INTEREST (SIMPLE AND COMPOUND)-EXERCISE 9(C)
  1. A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound i...

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  2. A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound i...

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  3. A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound i...

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  4. A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound i...

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  5. A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound i...

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  6. A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest...

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  7. A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest...

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  8. A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest...

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  9. A man borrowed Rs. 20,000 for 2 years at 8% per year compound interest...

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  10. Calculate the amount and the compound interest on Rs. 12,000 in 2 year...

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  11. Calculate the amount and the compound interest on Rs. 10,000 in 3 year...

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  12. Calcualte the compound interest on Rs. 5,000 in 2 years, if the rates ...

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  13. Calculate the compound interest on Rs. 15,000 in 3 years, if the rate ...

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  14. Mohan borrowed Rs. 16,000 for 3 years at 5% per annum compound interes...

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  15. Rekha borrowed Rs. 40,000 for 3 years at 10% per annum compound intere...

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  16. Calculate the compound interest for the second year on Rs. 15,000 inve...

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  17. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

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  18. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

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  19. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

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  20. A man invests Rs. 9,600 at 10% per annum compound interest for 3 years...

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