Question

A sum of Rs 30,000 is invested for 3 years at 15/2 p.a compound intrest (1) what is the sum at the end of the second year?(2)what is the sum at the end of the 3 years(3) what is the total intrest earned in 3 years​

Answer 1

1. the sum at the end of 2nd year will be 34668.75

2. the sum at the end of 3rd year is 37268.91

3.total interst=7268.91