Question

A man invests rs 9600 at 10%per annum compound interest for 3 years calculate The interest for the first year ​

Answer 1

Answer:

1161.60

Step-by-step explanation:

it is the answer

Answer 2

•Given:-

Principle (P) = Rs.9600 Rate (R) = 10% p.a. Period (n) = 3 years

•To be Calculated:-

interest for the first year .

•Solution:-

∴ Interest for the first year = PRT/100

= (9600 x 10 x 1)/100 = Rs. 960