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A sum of money was invested for 3 years,...

A sum of money was invested for 3 years, interest being compounded annually. The rates for successive years were 10%, 15% and 18% respectively. If the compound interest for the second year amounted to 4,950, find the sum invested.

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The correct Answer is:
Rs 30,000
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ICSE-COMPOUND INTEREST (USING FORMULA)-EXERCISE 3(E)
  1. Anuj and Rajesh each lent the same sum of money for 2 years at 8% simp...

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  2. Calculate the sum of money on which the compound interest (payable ann...

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  3. A sum of money was invested for 3 years, interest being compounded ann...

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  4. A sum of money is invested at 10% per annum compounded half-yearly. If...

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  5. Rohit borrows Rs 86,000 from Arun for two years at 5% per annum simple...

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  6. The simple interest on a certain sum of money for 3 years at 5% per an...

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  7. Nikita invests Rs 6,000 for two years at a certain rate of interest co...

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  8. Nikita invests Rs 6,000 for two years at a certain rate of interest co...

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  9. Simple interest on a sum of money for 2 years at 4% growth rate is Rs ...

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  10. Find the compound interest to the nearest rupee on Rs 10,800 for 2(1)/...

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  11. The value of a machine, purchased two years ago, depreciates at the an...

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  12. The value of a machine, purchased two years ago, depreciates at the an...

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  13. Anuj and Rajesh each lent the same sum of money for 2 years at 8% simp...

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  14. Calculate the sum of money on which the compound interest (payable ann...

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  15. A sum of money was invested for 3 years, interest being compounded ann...

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  16. A sum of money is invested at 10% per annum compounded half-yearly. If...

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  17. Rohit borrows Rs 86,000 from Arun for two years at 5% per annum simple...

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  18. The simple interest on a certain sum of money for 3 years at 5% per an...

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  19. Nikita invests Rs 6,000 for two years at a certain rate of interest co...

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  20. Nikita invests Rs 6,000 for two years at a certain rate of interest co...

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