Mathematics
Calculate the amount and the compound interest on :
₹ 4600 in 2 years when the rates of interest of successive years are 10% and 12% respectively.
Related Questions
₹ 16,000 is invested at 5% compound interest compounded per annum. Use the table, given below, to find the amount in 4 years.
Year Initial amount (₹) Interest (₹) Final amount (₹) 1st 16000 800 16800 2nd ---- ---- ------ 3rd ---- ---- ----- 4th ---- ---- ---- 5th ---- ---- ---- Meenal lends ₹ 75000 at C.I. for 3 years. If the rate of interest for the first two years is 15% per year and for the third year it is 16%, calculate the sum Meenal will get at the end of third year.
Calculate the amount and the compound interest on ₹ 16000 in 3 years, when the rates of interest for successive years are 10%, 14% and 15% respectively.