Question

harsh invested 1,00,000 in a company at 13% per annum compounded annually. Find the
interest he got at the end of the 3rd year.​

Answer 1

Answer:

16599.7

Step-by-step explanation:

Compound interest at the end of 3rd year= p((1+r/100)³- (1+r/100)²)

= 100000((1.13)³- (1.13)²) = 16599.7