Question

find the difference between the compond interest of 2nd year and 3rd year on 48000 invested for 5 years at 10% per annum compounded yearly​

Answer 1

Step-by-step explanation:

The difference is:-

The compound interest in 2nd year is 10080

the compound interest till 3rd year is 15880

so the difference between the 2nd and 3rd year is 10080-15880= 5808

ans- 5808

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Answer 2

48000

invested for 5 years at 10% per annum

compond interest

1st year interest = 4800

2nd year interest = 10% of 52800 = 5280

3ed year interest = 10% of 58080 = 5808

difference between the compond interest of 2nd year and 3rd year = 5808 - 5280 =528