Question

(ii) the compound interest on this sum for one year payable half-yearly at the same
VA person invests ? 10000 for two years at a certain rate of interest, compounded
annually. At the end of one year this sum amounts to 311200. Calculate
sum of money
rate.
%.
(i) the rate of interest per annum
(ii) the amount at the end of second year.
7. A man invests 75000 for three years at a certain rate of interest, compounded
annually. At the end of one year it amounts to 75600. Calculate:
(i) the rate of interest per annum
(ii) the interest accrued in the second year
(iii) the amount at the end of the third year
3. Find the amount and the compound interest on 32000 at 10% p.a. for 2 years,
compounded annually,
Fy
COMPOUND INTEREST
11​

Answer 1

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