What will Rs 25000 amounts to in two years at Compound Interest if the rates for successive years be 4 % and 5 % per year. A=P⋅(1+R1100)N1⋅(1+R2100)N2... =27300.
Principal (P) = Rs.25000Rate (R1)=5% for the first yearR2=6% for the second yearR3=8% for the third year∴ Amount (A) = P (1+R1100)(1+R2100)(1+R3100)=Rs. 25000 (1+5100)(1+6100)(1+8100)=Rs. 25000×2120×5350×2725=Rs.
Now, the interest for the second year is I2 = R% of P2 = R/100 × P2 = R/100 × P(1 + R/100) Now, the amount at the end of the second year will be A2 = P2 + I2 = P (1 + R/100) + R/100 × P(1 + R/100) This expression can be written as A2 = P (1 + R/100) (1 + R/100) = P (1 + R/100)
The amount after 1 year will be principal for 2 nd year. Where P is principal, R is rate of interest and T is time. ∴ The compound interest for 2 years is Rs.2464.
However, you can get a lot of mileage out of $25,000 over 20 years if you invest it. An investor who achieves an 8% annualized return will turn $25,000 into $116,523.93 in 20 years.
29,040 and Rs.5,040. Step by step video, text & image solution for Find the amount and the compound interest on Rs. 24,000 for 2 years at 10% per annum compounded yearly.
2500 for 2 years at rate of interest 4% per annum? Answer: Compound interest received on Rs 2500 for 2 year at the rate of 4v% per annum compounded annually is Rs 204.
Address: Apt. 171 8116 Bailey Via, Roberthaven, GA 58289
Phone: +2585395768220
Job: Lead Liaison
Hobby: Lockpicking, LARPing, Lego building, Lapidary, Macrame, Book restoration, Bodybuilding
Introduction: My name is Sen. Ignacio Ratke, I am a adventurous, zealous, outstanding, agreeable, precious, excited, gifted person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.