Question

Raj invests 46875 in Indian Overseas Bank at 8%
per annum compound interest for 3 years. Find:
(i) the interest for the first year.
(ii) the amount standing to his credit at the end of
second year.
(iii) the interest for the third year.
(iv) the amount due to him at the end of third year.​

Answer 1

Answer:

1. 625

2.1250

3.1875

4.48750