[Solved] Find the compound interest on Rs. 50000 for 3 years if the r (2024)

FAQs

What will be the compound interest on a sum of Rs 50000 after 3 years at the rate of 12% pa? ›

Solution: The compound interest is Rs. 20,246.4. We know that the compound interest is the product of the principal sum, (1+rate)/100 to the power of the number of years.

For example, if you have an investment that earns 5% compound interest and you want to know how much money you'll have after 3 years, you would plug the following values into the formula: A = P(1 + r/n)^nt. A = 1000(1 + 0.05/1)^3. A = 1000(1.05)^3.

Where, C.I. = Compound Interest. A3 = 5000 × 11/10 × 11/10 × 11/10 = 6,655. ⇒ 6655 - 5000 = Rs 1655.

Hence, the compound interest amount on Rs. 10,000 for 3 years at an annual interest rate of 10% is Rs. 13,310.

Complete step-by-step answer:

For the third year, the above resulting amount will be the principal amount and R is 10%. Therefore, Rs. 50,000 in 3 years, compounded yearly, if the rates for the successive years are 6%, 8% and 10% respectively will amount to Rs. 62,964.

25000 after 3 years at the rate of 12 per cent p.a.? Rs. 10123.20.

The amount to be paid at the end of 2 years is 55125. Therefore, the compound interest is 5125 and the amount to be paid at the end of 2 years is 55125.

principal (3rd yr) = Amount (2nd yr) = Principal(2nd yr)+Interest(2nd yr) = 1100+110 = 1210 CI (3rd yr) = (1210×10×1)/100 = 121 Hence total CI for 3yrs = 100+110+121 = 331 Amount after 3 yrs = 1331 Interest is always calculated on the Principal. But in the case of CI, the Principal is get changed every year.

An amount may be invested for more than one year. To work out the total by the end of the investment period, calculate the interest for the first year and add it to the total. Then calculate the new interest for the second year and add that to the total. Repeat this for each year of investment.

Simple interest

To calculate the total interest you will pay over the life of your loan multiply the principal amount by the interest rate and the lending term in years.

What is the amount and compound interest on ₹ 5000 for 3 years per annum compounded annually? ›

Compound interest =₹6655−₹5000=₹1655.

Thus, R=10% Q. Interest obtained on a sum of ₹5000 for 3 years is ₹1500.

∴Compoundinterest=A−P=9261−8000=1261.

The compound interest for 3 years at the rate of 5% per annum on the principal amount of Rs 8000 is Rs 1261.

= 52030.2005 ans​ Answer: Amount and compound interest on Rs 50000 for 2 years at the rate of 2% per annum compounded half yearly are Rs 52030.20 and Rs 2030.20 respectively.

= ₹ 18889.20- ₹ 15000= ₹ 3889.20.

How much interest will I earn on £50,000? With £50,000 in West Brom Building Society's easy access account paying 4.9%, you could earn £2,450.00 over a year, or £204.17 per month.