Question

7. A sum of ₹ 13500 is invested at 16% per
annum compound interest for 5 years.
Calculate :
(i) the interest for the first year.
(ii) the amount at the end of the first year.
(iii) the interest for the second year, correct to
the nearest rupee.​

Answer 1

Answer:

the amount at the end of first year. (iii) the interest for the second year, correct to the nearest rupee. Solution