If Rs. 1200 amounts to Rs. 1323 in 2 years at | vedclass

Name: PDF Generator App | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

Here, Amount $= P \left[\left(1+\frac{ R }{100}\right)^{2}\right]$

$\Rightarrow 1323=1200\left[\left(1+\frac{ R }{100}\right)^{2}\right]$

$\Righ

Vedclass · Accepted Answer

$1852.50$

Vedclass · Answer

Here, Amount $= P \left[\left(1+\frac{ R }{100}ight)^{2}ight]$

$\Rightarrow 1323=1200\left[\left(1+\frac{ R }{100}ight)^{2}ight]$

$\Rightarrow \frac{1323}{1200}=\left(1+\frac{ R }{100}ight)^{2}$

On solving above equation we get Rate of interest $R =5 \%$

Hence, amount of principal = Rs. 1600 in 3 years would become:

$\Rightarrow A=1600\left[\left(1+\frac{5}{100}ight)^{3}ight]=1600\left[\frac{21}{20} 	imes \frac{21}{20} 	imes \frac{21}{20}ight]$

$=\frac{1600}{8000}[21]^{3}=\frac{1}{5} 	imes 9261=$ Rs. 1852.50

If $Rs. 1200$ amounts to $Rs. 1323$ in $2$ years at compound interest compounded annually, what will $Rs. 1600$ amount (In $Rs.$) to in $3$ years at the same rate?

Similar Questions

A sum of money placed at compound interest doubles itself in $5$ years. It will amount to eight times itself at the same rate of interest in (In $years$)

The compound interest on a certain sum for $2$ years at $10 \%$ per annum is ₹ $525 .$ The simple interest (In ₹) on the same sum for double the time at half the rate per cent per annum is

Find the difference between $C.I. \& S.I.$ on $Rs. 15000$ at $3 \%$ per annum for $3$ years?

The difference between the $S.I.$ and $C.I.$ obtained on principal amount at $5$ $p.c.p.a.$ after $2$ years is $Rs. 35 .$ What is principal amount (In $Rs.$).

What would would be the $C.I.$ obtained on an amount of $Rs. 4800$ at the rate of $5$ $p.c.p.a$ for $3$ years (In $Rs.$)?