Aryman invested 10000 in a company. He would be paid interest at 7% per annum
compounded annually. Find
(1) the amount received by him at the end of 2 years.
(ii) the interest for the 3rd year.
Answers
Answered by
58
Answer:
i) 11449
ii) 801.43
Step-by-step explanation:
I1 = (10000*7*1)/100
=700
A1 = 10,700
I2 = (10,700*7*1)/100
= 749
A2 = 11,449
I3 = (11449*7*1)/100
=801.43
Answered by
22
Answer:
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