Vishal invests ₹ 12000 for three years at the rate of $10 %$ per annum compound interest. Find the sum due to Vishal at the end of the first year.

₹ 13800

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 13200

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

₹ 13600

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 14200

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
₹ 13200

Principal = ₹ 12000, Rate = $10 %$

For 1 year compund interest is equal to simple interest

simple Interest for one year $= \frac{P R T}{100} = \frac{(12000 \times 10 \times 1)}{100} = ₹ 1200$

So, sum due after one year = 12000 + 1200 = ₹ 13200

Suggest Corrections

Similar questions

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

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

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

Saurabh invests ₹ 1,50,000 for three years at the rate of 10% per annum. Find the sum due to Saurabh at the end of the first year.

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.

Join BYJU'S Learning Program

Vishal invests ₹ 12000 for three years at the rate of 10% per annum compound interest. Find the sum due to Vishal at the end of the first year.

The correct option is B ₹ 13200 Principal = ₹ 12000, Rate = 10% For 1 year compund interest is equal to simple interest simple Interest for one year =PRT100=(12000×10×1)100=₹1200 So, sum due after one year = 12000 + 1200 = ₹ 13200

Vishal invests ₹ 12000 for three years at the rate of $10 %$ per annum compound interest. Find the sum due to Vishal at the end of the first year.

The correct option is B
₹ 13200

Principal = ₹ 12000, Rate = $10 %$

For 1 year compund interest is equal to simple interest

simple Interest for one year $= \frac{P R T}{100} = \frac{(12000 \times 10 \times 1)}{100} = ₹ 1200$

So, sum due after one year = 12000 + 1200 = ₹ 13200