Question

on a certain sum of money, invested at rate of 5%per Annum compounded annually the difference between the internet of the first year and third year is rupees 61.50. find the sum.​

Answer 1

Answer:

12000

Step-by-step explanation:

First year=12000x5%=600

2nd year=12600x5%=630

3rd year=13230x5%=661.5

so 661.5-600=61.5