ICSE Class 9 Answered
A person invests Rs. 50000 for three years at a certain rate of interest compounded annually. At the end of first year, this sum amounts to Rs. 55000. Calculate the amount at the end of the second year.
Asked by natashagupta50.9spicertl | 13 May, 2020, 11:42: AM
Expert Answer
Given: P = Rs. 50000, n = 1 and Amount A = 55000
Using formula for amount, we have
Answered by Renu Varma | 13 May, 2020, 12:31: PM
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