Maria invests Rs 93750 at 9 6% per annum for 3 years and the interest is compounded annually Calculate: i) - Maths - Compound Interest

Question

Maria invests Rs 93750 at 9 6% per annum for 3 years and the
interest is compounded annually Calculate:
i) The amount standing to her credit at the end of the second
years
ii)The interests for the third year

(ans i)112614 ; ii) 10810 94)
plz ans fast and do not send links

Manbar Singh · Accepted Answer

i
We have,principal, P = Rs 93750Rate, R = 9
6 % p a
Time, n =2 yrsNow, Amount, A = P1 + R100n=937501 + 9
61002=93750 × 109 61002=Rs 112614ii
Now, Principal for third year, P = Rs 112614Rate, R = 9
6% p a
Time, T = 1 yrInterest = PRT100 = 112614 × 9
6 × 1100 = Rs 10810 94

Maria invests Rs.93750 at 9.6% per annum for 3 years and the interest is compounded annually.Calculate: i) The amount standing to her credit at the end of the second years. ii)The interests for the third year. (ans. i)112614 ; ii) 10810.94) plz ans fast and do not send links

Maria invests Rs.93750 at 9.6% per annum for 3 years and the interest is compounded annually.Calculate:
i) The amount standing to her credit at the end of the second years.
ii)The interests for the third year.

(ans. i)112614 ; ii) 10810.94)
plz ans fast and do not send links