3. A sum of money is lent at 8% per annum
compound interest. If the interest for the
second year exceeds that for the first year by
96, find the sum of money. Please solve this problem in proper steps
Answers
Answered by
2
Step-by-step explanation:
8÷ 100 × 96 = 7.68 this is the answer
Answered by
1
Answer:
a sum of money is lent at 8% per annum compound interest if the interest for the second year exceeds that for first year by rupees 96 find the sum of money
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