Question

A man invests 46,875 at 4% per annum compound interest for 3 years. Calculate: (a) the interest for the first year, (b) the amount standing to his credit at the end of the second year, and (c) the interest for the third year.
PLS ANSWER FAST
AND ANS ARE a) 1875 , b) 50700, c) 2028
pls tell the solution ​

Answer 1

Answer:

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Step-by-step explanation:

It is given that 

Principal= 46875 

Rate of interest = 4% p.a

(i) Interest for the first year= Prt/100

Substituting the values 

=(46875×4×1)/100

= 1875

So the amount after the first year or principal for the second year= 46875+1875=48750

Here 

Interest for the second year=(48750×4×1)/100= 1950

(ii) We know that 

Amount at the end of second year = 48750+1950

                                                     = 50700

(iii) Interest for the third year =(50700×4×1)/100=2028