Question
$Rs.16,000$ is invested at $5\%$ compound interest compounded per annum. Use the table, given below, to find the amount in $4$ years.
Year$\downarrow$ Initial amount$(Rs.)$ Interest $(Rs.)$ Final amount $(Rs.)$
$1^{st}$ $16,000$ $800$ $16,800$
$2^{nd}$ $...........$ $...........$ $...........$
$3^{rd}$ $...........$ $...........$ $...........$
$4^{th}​​​​​​​$ $...........$ $...........$ $...........$
$5^{th}​​​​​​​$ $...........$ $...........$ $...........$

Answer

Year$\downarrow$ Initial amount$(Rs.)$ Interest $(Rs.)$ Final amount $(Rs.)$
$1^{st}$ $16,000$ $800$ $16,800$
$2^{nd}$ $16,800$ $840$ $17,640$
$3^{rd}$ $17,640$ $882$ $18,522$
$4^{th}$ $18,522$ $926.10$ $19,448.10$
$5^{th}​​​​​​​$ $19,448.10$ $972.405$ $20,420.505$
Thus, the amount in $4$ years is $Rs. 19448.10.$

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free