Question

Mr. Kaul deposits a fixed amount of money for a 5 year period. Some details of the account (Interest compounded annually) are given below: Principal on which interest is computed forthe first year : Rs 40000 .Interest earned for the first year : Rs 2000 Interest earned for the second year : Rs 2100 Interest earned for the third year : Rs 2205 The amount (Principal) on which the interest for the fourth year will be calculated is.


step by step explain pleaseee
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Answer 1

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Answer 2

Answer:

Rs. 46,305

Step-by-step explanation:

It is asked that the amount on which the interest for the fourth year will be calculated will be. So we have to find out on which amount we will add the interest of 4th year so the answer will be Rs. 46,305.

And further we will find out the interest for the fourth year and we will add it to the amount then the answer will come but for now this answer is correct as per the question.

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