if the principal of rs 8000 is compounded at 9% per annum for the first year and at 10% per annum during the second year, then the total compound interest earned at the end of 2 years is

Open in App

Solution

Suggest Corrections

Similar questions

Q. A sum of Rs. 8000 is invested for 2 years at 10% per annum compound interest.
Calculate:
(i)interest for the first year.
(ii) principal for the second year.
(iii) interest for the second year.
(iv) final amount at the end of second year.
(v) compound interest earned in 2 years.

Q. Find the amount of Rs 8000 for 2 years compounded annually and the rates being 9% per annum during the first year and 10% per annum during the second year.

By using the formula, find the amount and compound interest on:

Find the amount of Rs 8000 for 2 years compounded annually and the rates being $9 %$ per annum during the first year and $10 %$ per annum during the second year.

Q. A sum of

R s . 9600

is invested for

3

years at

10 %

per annum at compound interest, then find the compound interest earned in 2 years.

Calculate the amount and compound interest on

(a ) $R s 10800$ for $3$ years at $12 \frac{1}{2} %$ per annum compounded annually.

(b) $R s 18000$ for $2 \frac{1}{2}$ years at $10 %$ per annum compounded annually.

(d) $R s . 8000$ for $1$ year at $9 %$ per annum compound half yearly.

(You could use the year by year calculation using SI formula to verify)

(e) $R s . 10000$ for $1$ year at $8 %$ per annum compounded half yearly.

Join BYJU'S Learning Program