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:
Find the amount after two years compounded annually when rate of interest for first year is 5 % and 10 % for the next year when the principal is Rs 3000. | |||
Right Option : B | |||
View Explanation |
If the rate of compound interest for the first, second and third year be 8%, 10% and 15% respectively, find the amount and the compound interest on $ 12,000 in 3 years. | |||
Right Option : D | |||
View Explanation |
Find the amount after 3 years compounded annually when rate of interest for first year is 5 % and 10 % for the second year and 15 % for the next year when the principal is Rs 3000. | |||
Right Option : A | |||
View Explanation |
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