Home
Class 9
MATHS
A sum of रु 9,600 is invested for 3 year...

A sum of रु 9,600 is invested for 3 years at 10% per annum at compound interest.
(i) What is the sum due at the end of the first year?
(ii) What is the sum due at the end of the second year?
(iii) Hence, write down the compound interest for the third year.

Text Solution

AI Generated Solution

To solve the problem step by step, we will calculate the amounts due at the end of each year and the compound interest for the third year. ### Given: - Principal (P) = रु 9,600 - Rate of interest (R) = 10% per annum - Time (T) = 3 years ### (i) Sum due at the end of the first year: ...
Promotional Banner

Topper's Solved these Questions

  • COMPOUND INTEREST

    ICSE|Exercise EXERCISE 2 (A)|10 Videos

  • COMPOUND INTEREST

    ICSE|Exercise EXERCISE 2 (B)|10 Videos

  • COMPLEMENTARY ANGLES

    ICSE|Exercise EXERCISE |64 Videos

  • COMPOUND INTEREST (USING FORMULA)

    ICSE|Exercise EXERCISE 3(E)|24 Videos

Similar Questions

Explore conceptually related problems

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

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

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

Ramesh invests रु 12,800 for three years at the rate of 10% per annum compound interest. Find: (i) the sum due to Ramesh at the end of the first year. (ii) the interest he earns for the second year. (iii) the total amount due to him at the end of the third year.

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

Amit borrowed 20,000 at 12% per annum compound interest. If he pays 40% of the sum borrowed at the end of the first year and 40% of the sum borrowed at the end of the second year, find the amount of loan outstanding at the beginning of the third year.

A sum of रु 13,500 is invested at 16% per annum compound interest for 5 years. Calculate : (i) the interest for the first year. (ii) the amount at the end of the first year. (iii) the interest for the second year, correct to the nearest rupee.