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Course / Category - Foundation program for Bank Advanced
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Banking And Insurance
 
Foundation program for Bank
Foundation program for Bank Advanced

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Banking And Insurance

Foundation program for Bank Advanced

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Banking And Insurance

Foundation program for Bank Advanced

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Maths, English, Verbal Reasoning, Non Verbal Reasoning, Computers, Banking, Critical Reasoning, Vedic Maths

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Maths / Comparing Quantities / Compound Interest Different Rates
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Calculation of Compound Interest when Interest is Compounded Anually but Rates being Different for Different Years:

large Let ;the ;principal; be; P and ;rates; being ;R_1,;R_2,;R_3,;R_4; for;different;years

large Amount = P; left [ 1+frac{R_1}{100} right ];X left [ 1+frac{R_2}{100} right ];Xleft [ 1+frac{R_3}{100} right ]

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.

dpi{100} large Amount = P; left [ 1+frac{R_1}{100} right ];X left [ 1+frac{R_2}{100} right ];

large Amount = 4000; left [ 1+frac{5}{100} right ];X left [ 1+frac{15}{100} right ]

large Amount = 4000; left [ 1+frac{1}{20} right ];X left [ 1+frac{3}{20} right ]

large Amount = 4000; left [ frac{21}{20} right ];X left [ frac{23}{20} right ] = 4830 ;Rs.
     
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