Question

17. A loan of 1,25,000 is taken at 11% per annum
compound interest for 3 years. Calculate the
following to the nearest rupee.
(i) Interest due for the first year.
(11) Interest due for the third year.
(iii) Amount payable at the end of 3 years.
101
11
OX






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Answer 1

1) interest due for the one year