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 | |||
Roger bought a refrigerator for $ 4000 on credit. The rate of interest for the first year is 5% and of the second year is 15%. How much will it cost him if he pays the amount after two years ? | |||
| Right Option : B | |||
| 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 | |||
Students / Parents Reviews [20]
My experience with Abhyas academy is very good. I did not think that my every subject coming here will be so strong. The main thing is that the online tests had made me learn here more things.
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8thIn terms of methodology I want to say that institute provides expert guidence and results oriented monitering supplements by requsite study material along with regular tests which help the students to improve their education skills.The techniques of providing education helps the students to asses...
Aman Kumar Shrivastava
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10thAbhyas institute is one of the best coaching institute in the vicinity of Ambala Cantt area. The teachers of the institute are well experienced and very helpful in solving the problems of the students.The good thing of the institute is that it is providing extra classes for the students who are w...
Aman Kumar Shrivastava
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Eshan Arora
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8thThird consective year,my ward is in Abhyas with nice experience of admin and transport support.Educational standard of the institute recumbent at satisfactory level. One thing would live to bring in notice that last year study books was distributed after half of the session was over,though study ...
Ayan Ghosh
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10thAbhyas institute is one of the best coaching institute in the vicinity of Ambala cantt.The institute provides good and quality education to the students.The teachers are well experienced and are very helpful in solving the problems. The major advantages of the institute is extra classes for weak...
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7thAbhyas is good institution and a innovative institute also. It is a good platform of beginners.Due to Abhyas,he has got knoweledge about reasoning and confidence.My son has improved his vocabulary because of Abhyas.Teacher have very friendly atmosphere also.
