ICSE Class 9 Answered
The sum of rupees 21025 is divided between M and N in such a way that the amount of M in 3 years is the same as the amount of N in 5 years. If the interest is compounded yearly at the rate of 5% per annum, how much each will get?
Asked by bhengrajp | 15 May, 2019, 11:41: AM
Expert Answer
A2 = P2 (1 + 5/100)5 = 12762.81
Compound Interest = A2 - P2 = 12762.81 - 10000 = 2762.81
Answered by Yasmeen Khan | 15 May, 2019, 12:46: PM
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