ICSE Class 9 Answered
A man invests Rs10000 for 3 years at a certain rate of interest, compounded annually. At the end of one year, it amounts to Rs11200. Calculate: I) The rate of interest per annum 2) The interest accrued in the second year 3) The amount at the end of third year
Asked by namratasengar6415.9sdatl | 13 May, 2020, 08:40: AM
Expert Answer
Here, P = Rs. 10000, n = 1 year and Amount = 11200
Using amount formula, we have
Answered by Renu Varma | 13 May, 2020, 02:16: PM
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