Ramesh invest rs 12800 for three yrs at the rate of 10%per annum compound interest find:​

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Ramesh invest rs 12800 for three yrs at the rate of 10%per annum compound interest find:​

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Delilah 1 month 2021-08-13T08:24:23+00:00 1 Answer 0 views 0

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    2021-08-13T08:25:53+00:00

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    MATHS

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

    A

    Rs. 1,162

    B

    Rs. 1,243

    C

    Rs. 1,408

    D

    Rs. 1,591

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    ANSWER

    P =Rs.12800

    Rate of interest =10 %

    Interest for the first year =100PRT

    ⇒10012800×10×1=Rs.1280

    Amount after first year=12800+1280=Rs.14080

    For Second year

    Principal =Rs.14080

    R =10%

    T =1 year

    then Interest for second year=100PRT

    ⇒10014080×10×1=Rs.1408

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