Question

3. A sum of Rs 30,000 is invested for 3 years at 712% p.a. compound interest.
(i) What is the sum at the end of the second year?
(ii) What is the sum at the end of the 3 years?
(iii) What is the total interest earned in 3 years?​

Answer 1

Answer:

3. A sum of Rs 30,000 is invested for 3 years at 712% p.a. compound interest.

(i) What is the sum at the end of the second year?

(ii) What is the sum at the end of the 3 years?

(iii) What is the total interest earned