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:
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 | |||
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 | |||
Find the amount of $12,500 for 2 years compounded annually, the rate if interest being 15 % for the 1st year and 16 % for the second year. | |||
| Right Option : A | |||
| View Explanation | |||
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7thThird 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 ...
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9thIn 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...
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