CA Foundation Exam > CA Foundation Questions > At 10% compound rate of interest the amount o...
Start Learning for Free
At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ?
Most Upvoted Answer
At 10% compound rate of interest the amount of compound interest for t...
Community Answer
At 10% compound rate of interest the amount of compound interest for t...
Understanding Compound Interest
To determine the total amount of compound interest for 3 years based on the interest earned in the third year, we must analyze the given information carefully.
Given Data
- Principal Amount (P) = Rs. 12100
- Rate of Interest (R) = 10%
- Compound Interest for the third year = Rs. 1210
Calculating Compound Interest for Each Year
1. First Year:
- Amount after 1st year = P + (P × R) = 12100 + (12100 × 0.10) = 12100 + 1210 = Rs. 13310
2. Second Year:
- Amount after 2nd year = Previous Amount + (Previous Amount × R)
- Amount = 13310 + (13310 × 0.10) = 13310 + 1331 = Rs. 14641
3. Third Year:
- Amount after 3rd year = Previous Amount + (Previous Amount × R)
- Amount = 14641 + (14641 × 0.10) = 14641 + 1464.1 = Rs. 16105
Total Compound Interest for 3 Years
- Total Compound Interest = Amount after 3 years - Principal
- Total CI = 16105 - 12100 = Rs. 4015
Final Calculation
The interpretations indicate that the question’s options do not align with the computed total interest.
- Correct Total Amount of Compound Interest for 3 Years: Rs. 4015
Conclusion
Thus, the compound interest for 3 years is not among the provided options (a) 133100 (b) 33100 (c) 33000 (d) None. The correct answer is indeed None.
To determine the total amount of compound interest for 3 years based on the interest earned in the third year, we must analyze the given information carefully.
Given Data
- Principal Amount (P) = Rs. 12100
- Rate of Interest (R) = 10%
- Compound Interest for the third year = Rs. 1210
Calculating Compound Interest for Each Year
1. First Year:
- Amount after 1st year = P + (P × R) = 12100 + (12100 × 0.10) = 12100 + 1210 = Rs. 13310
2. Second Year:
- Amount after 2nd year = Previous Amount + (Previous Amount × R)
- Amount = 13310 + (13310 × 0.10) = 13310 + 1331 = Rs. 14641
3. Third Year:
- Amount after 3rd year = Previous Amount + (Previous Amount × R)
- Amount = 14641 + (14641 × 0.10) = 14641 + 1464.1 = Rs. 16105
Total Compound Interest for 3 Years
- Total Compound Interest = Amount after 3 years - Principal
- Total CI = 16105 - 12100 = Rs. 4015
Final Calculation
The interpretations indicate that the question’s options do not align with the computed total interest.
- Correct Total Amount of Compound Interest for 3 Years: Rs. 4015
Conclusion
Thus, the compound interest for 3 years is not among the provided options (a) 133100 (b) 33100 (c) 33000 (d) None. The correct answer is indeed None.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ?
Question Description
At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ?.
At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ?.
Solutions for At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ? defined & explained in the simplest way possible. Besides giving the explanation of
At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ?, a detailed solution for At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ? has been provided alongside types of At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ? theory, EduRev gives you an
ample number of questions to practice At 10% compound rate of interest the amount of compound interest for the third Rs. 12100. Then the total amount of compound interest for 3 years is (a) 133100 (b) 33100 (c) 33000 (d) None ? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup