Question

If compound interest received on a certain amount
in the 3rd year is Rs. 1,240, what will be the
compound interest (in Rs.) for the 4th year on the
same amount at 9% rate of interest?

Answer 1

SI == P×R×T/100

==>> 1240×9×3/100

===

please evaluate it...

Answer 2

Hey mate,

ci=A-P

=p(1+12/100)²-p=10176

=p=10176×625

------------------

159

=>p=40000

Hope it will help you