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 | |||
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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 | |||
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Find the amount on Rs. 12,500 for 2 years compounded annually, the rate of interest being 15% for the first year and 16% for the second year. | |||
Right Option : C | |||
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