Question

1.A man invests Rs.7,000 for three years, at a certain rate of interest, compounded annually. At the end of one year it amounts Rs.7,980. Calculate: (i)the rate of interest p.a.(ii)the interest
accrued in the second year. (iii)the amount at the end of the third year.

Answer 1

a man in terms rupees 5 7000 for 3 years at a certain rate of interest compounded annually at the end of one year fees 7980 calculate the rate of interest BA the interest acquired