Question

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

Answer 1

Answer:

the difference is 5808

Step-by-step explanation:

the compound interest till 2nd year is 10080

the compound interest till 3rd year is 15888

so the difference between the 2nd and 3rd year compound interest = 15888 - 10080

= 5808