Question

rohit invested rs.10000 at 18% p.a. Three years later, he invested another Rs.5000.what amount will he get 6 years hence.

Answer 1

Amount invested by Rohit = Rs.100000
Rate of interest per annum = 18%
So, interest after 3 years = $\frac{100000\times 18\times 3}{100}$ = Rs.54000
Another amount invested by Rohit = Rs.5000
So, their interest after 3 more years = $\frac{5000\times 18\times 3}{100}$ = Rs.2700
Therefore, total amount Rohit will get after 6 years = Rs.100000 + Rs.54000 + Rs.5000 + Rs.2700 = Rs.161700