Abhimanyu invested 100000 at 13 % per annum compounded annually find the following the amount standing at the end of second year and the interest for the third year
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7
total interest of 2nd year is 27690and interest of 3rd year 16599.7
ansh9049:
No it is wrong
answer is 16599.70
according to book
wait
27690 for 2nd year ending and third year intrest is 16600
Accurate 3rd year is 16599.70
Accurate 3rd year is 16599.70
saahi hai
27690 is 2nd year ending interested
and 16599.7 is only 3rd year intereste amount
Answered by
6
27690 for 2nd year ending and third year intrest is 16600
Accurate 3rd year is 16599.70
Accurate 3rd year is 16599.70
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