What Will Be The Amount If Sum Of Rs.10, 00,000 Is Invested At Compou

1.	What Will Be The Amount If Sum Of Rs.10, 00,000 Is Invested At Compound Interest For 3 Years With Rate Of Interest 11%, 12% And 13% Respectively?
Answer» <P>Given Here, P = Rs.10, 00,000, R1 = 11, R2 = 12, R3 = 13. Each rate of interest is calculated for one year. Hence, N = 1 year. Amount after 3 years, = P(1 + R1/100) (1 + R2/100) (1 + R3/100) = 10, 00,000 * (1 + 11/100) * (1 + 12/100) * (1 + 13/100) = 10, 00,000 * (111/100) * (112/100) * (113/100) = 111 X 112 x 113 = 14, 04,816 Hence the total amount after 3 years is Rs.14, 04,816 Given Here, P = Rs.10, 00,000, R1 = 11, R2 = 12, R3 = 13. Each rate of interest is calculated for one year. Hence, N = 1 year. Amount after 3 years, = P(1 + R1/100) (1 + R2/100) (1 + R3/100) = 10, 00,000 * (1 + 11/100) * (1 + 12/100) * (1 + 13/100) = 10, 00,000 * (111/100) * (112/100) * (113/100) = 111 x 112 x 113 = 14, 04,816 Hence the total amount after 3 years is Rs.14, 04,816

What Will Be The Amount If Sum Of Rs.10, 00,000 Is Invested At Compound Interest For 3 Years With Rate Of Interest 11%, 12% And 13% Respectively?

Answer»

<P>Given

Here, P = Rs.10, 00,000, R1 = 11, R2 = 12, R3 = 13.

Each rate of interest is calculated for one year.

Hence, N = 1 year.

Amount after 3 years,

= P(1 + R1/100) (1 + R2/100) (1 + R3/100)

= 10, 00,000 * (1 + 11/100) * (1 + 12/100) * (1 + 13/100)

= 10, 00,000 * (111/100) * (112/100) * (113/100)

= 111 X 112 x 113

= 14, 04,816

Hence the total amount after 3 years is Rs.14, 04,816

Given