Question

a sum of 9600 rupees is invested for 3 years at 10%p.a.compound. interest (1)what is the sum due at the end of the first year (2)what is the sum due at the end of the second year (3)find the compound interest earned in the first 2 years (4)find the compound interest at the end of the 3 years​

Answer 1

Answer:

9600*10*1/100

amount of first year=10560

10560*10*1/100

amount of second year=11616

compound interest of first two years=960+1056

=2016

11616*10*1/100

amount of third year=12777.6

compound interest of third year=1161.6

total compound interest=3177.6