Question

A man invests ₹ 5000 for three years at a certain rate of interest compounded annually. At the end of one year, it amounts to ₹ 5700. Calculate
(i) The rate of interest per annum
(ii) The interest accrued in the second year.
(iii) the amount at the end of the third year.

Answer 1

Answer:

man invests 5000 for three years at a certain rate of interest, compounded annually. At the end of one year it amount to 5600. Calculate:(i) the ...