Home
Class 9
MATHS
A man lends रु 12,500 at 12% for the fir...

A man lends रु 12,500 at 12% for the first year, at 15% for the second year and at 18% for the third year. If the rates of interest are compounded yearly, find the difference between the C.I. of the first year and the compound interest for the third year

Text Solution

Verified by Experts

The correct Answer is:
Rs 1398
Promotional Banner

Topper's Solved these Questions

  • COMPOUND INTEREST

    ICSE|Exercise TOPIC 2 (3 Marks Questions)|13 Videos

  • COMPOUND INTEREST

    ICSE|Exercise TOPIC 2 (4 Marks Questions)|12 Videos

  • COMPOUND INTEREST

    ICSE|Exercise TOPIC 1 (3 Marks Questions)|14 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

On a certain sum of money, invested at the rate of 5% per annum compounded annually, the difference between the interest of the first year and the interest of the third year is रु 61.50. Find the sum.

A certain sum of money amounts to 4,500 in first year, to 5,175 in second year and to 6,210 in third year. Find the rate of interest for the. second year

A certain sum of money amounts to 4,500 in first year, to 5,175 in second year and to 6,210 in third year. Find the rate of interest for the. third year

Find the sum invested at 10% compounded annually, on which the interest for the first year plus the interest for the third year amount to रु 1,768.

Find the sum, invested at 10% compounded annually, on which the interest for the third year exceeds the interest of the first year by रु 252.

On a certain sum of money, invested at the rate of 10 percent per annum compounded annually, the interest for the first year plus the interest for the third year is रु 2,652. Find the sum.

Find the compound interest on Rs. 12000 for 10 years at the rate of 12% per annum compounded annually.

Find the amount of 36,000 after 2 years, compounded annually, the rate of interest being 10% for the first year and 12% for the second 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.

Calculate the difference between the compound interest and the simple interest on Rs. 10,000 in two years and at 5% per year.