Question

A man invests Rs. 10,000 for 3 years at a certain rate of interest, compounded annually. At the end of the year, it amounts to Rs. 11200. 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.

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Answer 1

Answer:

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Answer 2

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