Ramesh invests ₹ 12800 for three years at the rate of $10 %$ per annum . Find the sum due to Ramesh at the end of the first year.

₹ 15060

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₹ 14000

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₹ 14080

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₹ 13090

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Solution

The correct option is C
₹ 14080

Principal = ₹ 12800, Rate = $10 %$

simple Interest for one year $= \frac{P R T}{100} = \frac{(12800 \times 10 \times 1)}{100} = ₹ 1280$

So, sum due after one year = 12800 + 1280 = ₹ 14080

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Ramesh invests Rs.

12800

for three years at the rate of

10 %

per annum compound interest.

Find :

Ramesh invests Rs. 12,800 for three years at the rate of 10% per annum compound interest. Find:

(i) the sum due to Ramesh at the end of the first year.

(ii) the interest he earns for the second year.

(iii) the total amount due to him at the end of the third year.

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Ramesh invests ₹ 12800 for three years at the rate of 10% per annum . Find the sum due to Ramesh at the end of the first year.

The correct option is C ₹ 14080 Principal = ₹ 12800, Rate = 10% simple Interest for one year =PRT100=(12800×10×1)100=₹1280 So, sum due after one year = 12800 + 1280 = ₹ 14080

Ramesh invests ₹ 12800 for three years at the rate of $10 %$ per annum . Find the sum due to Ramesh at the end of the first year.

The correct option is C
₹ 14080

Principal = ₹ 12800, Rate = $10 %$

simple Interest for one year $= \frac{P R T}{100} = \frac{(12800 \times 10 \times 1)}{100} = ₹ 1280$

So, sum due after one year = 12800 + 1280 = ₹ 14080