1. Ankur invested a sum of Rs. 16800 for four years in a scheme A. The rate of interest in scheme A is 8% per annum compounded yearly for the first two years and 10% for the third and fourth years compounded yearly. What will be the compound interest at the end of 4 years ?
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- By: anil on 05 May 2019 01.22 amWe know that, in compound interest, amount A : => $$A = P (1 + frac{R}{100})^T$$ => $$A = 16800 (1 + frac{8}{100})^2 (1 + frac{10}{100})^2$$ => $$A = 16800 imes (frac{27}{25})^2 imes (frac{11}{10})^2$$ => $$A = 23710$$ $$ herefore$$ C.I. = 23710 - 16800 = Rs. 6,910
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