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ICSE Class 9 Answered

A sum of Rs 9600 is invested for 3 years at 10% p.a. at compound interest . 1. What is the sum due at the end of the first year. 2. What is the sum due at the end of second year. 3. Find the compound interest earned in two years. 4.Find the difference between the answers in (2) and (1) and find the interest on this sum for one year. 5. Hence, write down the compound interest for the third year
Asked by Kanwaranita10 | 04 Mar, 2018, 09:05: AM
answered-by-expert Expert Answer
begin mathsize 16px style straight A equals straight P open parentheses 1 plus straight r over 100 close parentheses to the power of straight n straight P equals 9600 straight r equals 10 Ans 1 right parenthesis space put space straight n equals 1 straight A equals 10560 straight I equals straight A minus straight P equals 960 Ans space 2 right parenthesis put space straight n equals 1 straight P equals 10560 straight A equals 11616 straight I equals 1056 similarly space for space 3 rd space year space put space straight n equals 1 straight P equals 11616 straight A equals 12777.6 straight I equals 1161.6 end style
Answered by Arun | 04 Mar, 2018, 02:39: PM

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