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ICSE Class 9 Answered

Solution for - Q. Julie invested rs.15000 for 3 years at 10% per annum compound interest. Find  1) sum due to her at the end of 1st year  2) interest she earned for 2nd year  3) total amount due to her at the end of 3rd year
Asked by asmidoshi28 | 22 Jul, 2018, 05:47: PM
answered-by-expert Expert Answer
P = Rs. 15,000, n = 1, r = 10% p.a.
begin mathsize 16px style Interest space at space the space end space of space the space first space year space equals space fraction numerator 15000 cross times 10 over denominator 100 end fraction equals Rs. space 1500
Sum space due space equals space 15000 plus 1500 equals Rs. space 16500
Interest space for space second space year equals fraction numerator 16500 cross times 10 over denominator 100 end fraction equals Rs. space 1650
Principal space for space third space year equals 16500 plus 1650 equals Rs. space 18150
Interest space for space third space year equals fraction numerator 18150 cross times 10 over denominator 100 end fraction equals Rs. space 1815
Total space amount space after space third space year equals 18150 plus 1815 equals Rs. space 19965 end style
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