Compound Amount
COMPOUND INTEREST
Introduction (परिचय )
Compound interest is a way to appreciate the impact it makes on loans and investments in our life and society. Therefore, understanding how it works and how it can be used effectively to grow the investments is a critical lesson.
The compound amount is the sum of principal and compound interest. Its mathematical formula is given by
Objectives:
To understand if students are aware and use compound interest terminology, aware use the formula for total amount of a loan or total value of an investment at the end of a specified time.
User Guideline
Dear learner, please read the question given below carefully, and calculate the compound amount. Then
1. Write the Amount in the answer box given below (yellow colored), and Press ENTER key
2. Click on New Question for another question
3. Try this process as many times as you want until you get CONGRATULATION message
4. After the process, answer a question given at the bottom of this applet.
Answer the question given below.
Test Your Understanding
Which of the following is the Amount of an investment worth Rs 525000 for 3 years compounded annually at the rate of 10% per annum.