A person invests Rs. 5000 for 3 years at a certain rate of interest compounded annually. At the end of two years this sum amounts to Rs. 6272. Calculate: i) Rate of interest per annum. ii) The amount at the end of the third year.
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Step-by-step explanation:
5000×3
=15000
=6272×3
=15000
=15000÷15000
=1
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