00:01
Hi, mr.
00:01
Kald deposits a fixed amount of money for a five -year period.
00:05
Some details of the account interest compounded annually are given below.
00:09
Principle on which the interest is computed for the first year is $40 ,000.
00:14
Interest earned for the first year is $2 ,000 rupees, interest earned for the second year, $2 ,100.
00:20
For the third is this.
00:22
The amount principle on which the interest for the fourth year will be calculated is.
00:29
Okay, so this question, we're not solving for the rate.
00:34
We're not solving for the accrued amount of money.
00:40
We're just asking for like, what is the principle? like what is the amount you have at the beginning of this fourth year before the interest is even calculated? all right.
00:52
Really all that means is we're going to add, we're going to add this number to this number to this number to that number.
01:00
We're just going to add those three numbers together, and that will actually give us the principle how much you have at the beginning of this fourth year that before the interest is added on...