If two years interest is Rs 3550 at the rate of 44.44% of the first year of a money and 37.5% annual compound interest next year, then tell that money About the author Eliza
Answer: Year Investment(Rs) Interest(Rs) At maturity(Rs) 1 1,00,000 12,000 112,000 2 1,12,000 13,440 125,440 3 1,25,440 15,052.8 1,40,492.8 4 1,40,492.8 16,859.14 1,57,351.9 5 1,57,351.9 18,882.23 1,76,234.2 Reply
Answer:
Year Investment(Rs) Interest(Rs) At maturity(Rs)
1 1,00,000 12,000 112,000
2 1,12,000 13,440 125,440
3 1,25,440 15,052.8 1,40,492.8
4 1,40,492.8 16,859.14 1,57,351.9
5 1,57,351.9 18,882.23 1,76,234.2