Answer :

i. Principle = 80,000

Rate of interest per annum = 5%

Time = years

Compound interest for 2 years

Amount =

=

= 88,200

Compound interest = Amount – principle

= 80,000 - 88,200 = 8,200

8,200 will be credited at the end of 2 years

ii. Compound interest for 3 years

Amount =

=

= 92,610

Compound interest = Amount – principle

= 80,000 – 92,610 = 12,610

Compound interest for 3^{rd} year

= compound interest of 3 years – compound interest of 2 years

= 12,610 - 8,200

= 4,410

Compound interest for the 3^{rd} year is 4,410

Rate this question :

Vicky borrowed RsTamilnadu - Math Term-3

Find the compoundTamilnadu - Math Term-3

Find the differenTamilnadu - Math Term-3

Find the PrinciplTamilnadu - Math Term-3

Sujatha borrows RTamilnadu - Math Term-3

The difference beTamilnadu - Math Term-3

Gayathri investedTamilnadu - Math Term-3

Sangeetha borroweTamilnadu - Math Term-3

Arif took a loan Tamilnadu - Math Term-3

Find the amount tTamilnadu - Math Term-3