Compound Interest Different Rates
Compound Interest Different Rates
Calculation of Compound Interest when Interest is Compounded Annually but Rates being Different for Different Years:
Illustration: Find the amount after two years compounded annually when rate of interest for first year is 5% and 15% for the next year when the principal is Rs. 4000.
Solution:
A company offers the following growing rates of compound interest annually to the investors on successive years of investment : 4%, 5% and 6%. A man invests Rs 25,000 for 3 years. What will be his gain? | |||
| Right Option : D | |||
| View Explanation | |||
The present population of a town is 25,000. It grows at 4%, 5% and 8% during first year, second year and third year respectively, the population after 3 years is : | |||
| Right Option : A | |||
| View Explanation | |||
A company offers the following growing rates of compound interest annually to the investors on successive years of investment : 4%, 5% and 6%. A man invests Rs 31,250 for 2 years. What amount will he receive after 2 years? | |||
| Right Option : B | |||
| View Explanation | |||
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