Question

7. The compound interest compounded annually,
on a certain sum is * 29,040 in second year
and is 31,944 in third year. Calculate.
(i) the rate of interest.
(ii) the interest for 4th year.
(iii) the interest for 1st year.

{Without using formula...}​

Answer 1

Answer:

The compound interest, calculated yearly, on a certain ... and is rs 31944in third year calculate the rate and interest for 1st ... P*[{1 + (r / 100)}^3 - {1 + (r / 100)}^2] = 968 …