Login/Sign Up
6. Harjyot deposited ₹ $27,500$ in a deposit scheme paying $12$% p.a. compound interest. If the duration of the deposit is 3 years, calculate:(iii) The amount received by him had he chosen the duration of the deposit to be 2 years.
6. Harjyot deposited ₹ $27,500$ in a deposit scheme paying $12$% p.a. compound interest. If the duration of the deposit is 3 years, calculate:(iii) The amount received by him had he chosen the duration of the deposit to be 2 years.
Class 10 | Compound Interest | Frank | Guides | ICSE | Maths
6. Harjyot deposited ₹ $27,500$ in a deposit scheme paying $12$% p.a. compound interest. If the duration of the deposit is 3 years, calculate:(iii) The amount received by him had he chosen the duration of the deposit to be 2 years.

Solution:-

The amount received by him had he chosen the duration of the deposit to be $2$ years, P2 = $34,496$

i

More Material