Question

Higher Order Thinking Skills (HOTS)
1. A certain sum of money is invested at the rate of 5% per annum compound interest,
the interest compounded annually. If the difference between the interests of third
year
and first
year
is 102.50. Find the sum.
2. The difference between the compound interest and the simple interest on 42000 for
two years is 105 at the same rate of interest per annum. Find
(i) the rate of interest (ii) the compound interest earned in second year.​

Answer 1

Answer:

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Step-by-step explanation:

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