Calculate the compound interest for the second year on ₹ 12,000 invested for 3 years at 10% per year. Also, find the sum due at the end of the third year.

For the first year: P = ₹ 12,000, R = 10 %, T = 1 year Amount at the end of first year = P + I = ₹ 12,000 + 1,200 = ₹ 13,200 For the second year: P = ₹ 13,200, R = 10 %, T = 1 year Amount at the end of second year = P + I = ₹ 13,200 + 1,320 = ₹ 14,520 For the third year: P = ₹ 14,520, R = 10 %, T = 1 year Amount at the end of third year = P + I = ₹ 14,520 + 1,452 = ₹ 15,972 Hence, the compound interest for the second year = ₹ 1,320 and the sum due at the end of the third year = ₹ 15,972.

Manoj invests ₹ 12,000 for 3 years at 10% per annum. Calculate the amount and the compound interest that Manoj will get at the end of 3 years.

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A sum of ₹ 1,536; put at compound interest, amounts to ₹ 1,632 in one year. How much would it amount to in the second year ?

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A certain sum, at compound interest, becomes ₹ 7,396 in 2 years and ₹ 7,950.70 in 3 years. Find the rate of interest.

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The value of a car is depreciating at 5% per year and is ₹ 3,15,875 after 2 years. What was its original price ?

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Mathematics

Calculate the compound interest for the second year on ₹ 12,000 invested for 3 years at 10% per year. Also, find the sum due at the end of the third year.

Compound Interest

Related Questions

Manoj invests ₹ 12,000 for 3 years at 10% per annum. Calculate the amount and the compound interest that Manoj will get at the end of 3 years.

A sum of ₹ 1,536; put at compound interest, amounts to ₹ 1,632 in one year. How much would it amount to in the second year ?

A certain sum, at compound interest, becomes ₹ 7,396 in 2 years and ₹ 7,950.70 in 3 years. Find the rate of interest.

The value of a car is depreciating at 5% per year and is ₹ 3,15,875 after 2 years. What was its original price ?