ICSE Class 9 Answered
What sum will amount to rupees 2782.50 in 2 years at a compound interest,if the rates are 5 percent and 6 percent for the successive years
Asked by akahara.dubey_1620 | 21 Apr, 2019, 07:29: PM
Expert Answer
According to the question,
A = Rs. 2782.50, r1 = rate of intrest for 1st year = 5% p. a. r2 = rate of interest for 2nd year = 6% p. a.
2782.50 = P × 1.05 × 1.06
P = Rs. 2500
Hence, Rs. 2500 will amount to Rs. 2782.50 in 2 years at a compound interest,if the rates are 5 percent and 6 percent for the successive years.
Answered by Sneha shidid | 22 Apr, 2019, 09:40: AM
Concept Videos
ICSE 9 - Maths
Find the rate of compound interest on rupees 4000 so that it can amount to rupees 4630.50 in 3 years
Asked by uttamasingh422 | 22 Apr, 2023, 10:04: AM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by gamertejas57 | 27 Jun, 2022, 06:08: PM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by krishnasangam2008 | 11 Apr, 2022, 09:06: PM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by ritasingh2502 | 13 Jul, 2021, 12:44: PM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by payalpshah10 | 28 Jun, 2021, 04:30: PM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by vartikaagarwal61.9soc | 09 Jun, 2021, 08:45: PM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by shilmesh2325 | 30 Jan, 2021, 09:35: AM
ANSWERED BY EXPERT
ICSE 9 - Maths
Asked by rishi030405 | 17 Nov, 2020, 08:56: PM
ANSWERED BY EXPERT