if rate of compound interest in 1st year 2nd year and 3rd year 10% 20% 30% PA interest earned on 2nd RS 13200 find the interest earned on 3rd year?
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Let the principal be P
Interest earned for 2nd year
=Rs.13200
i.e Pnr/100 = 13200
P×1×20/100 = 13200
P /5 = 13200
P = Rs. 66000
3rd year interest
= Pnr/100
= 66000×1×30/100
= 660×30
= Rs.19800
I hope this answer helps you
Interest earned for 2nd year
=Rs.13200
i.e Pnr/100 = 13200
P×1×20/100 = 13200
P /5 = 13200
P = Rs. 66000
3rd year interest
= Pnr/100
= 66000×1×30/100
= 660×30
= Rs.19800
I hope this answer helps you
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