25
A man
at 12%
the
second
the second
and at
lends ? 12,500
first year .
at 15% for the
year
Les
and at for the third
the
are compounded
between the
yearly find the difference
and the
year
Compound Interest to the third year
rates
year. I
Answers
Answered by
24
Answer:
A=P(1+
100
R
)
A=12500(1+
100
12
)
A=12500(
100
112
)=14000
A=14000(
100
115
)=16100
A=16100(
100
118
)=18898
then Interest for first year =14000−12500=1500
And interest for third year=18998−16100=2898
Diff of interest between third and first year=2898−1500=1398
Answered by
1
Answer:
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