Question

Asha invests *8000 at a certain rate for 3 years compounded annually. She finds that at the end of one year it amounts to ₹9200. Calculate


(i)the rate of interest

(ii) the interest accrued in the second year

(iii) the amount at the end of third year.
​

Answer 1

Answer:

Hence Amount at the end of second year =Rs.11139.20

Answer 2

Answer:

the amount at the end of third year.= 1139 rupees

the rate of interest = intrest