Question

Rajan invested Rs 100000 in la company at 13% p.a compounded annually. Find : (a ) the amount credited in his account at the end of 2 years. (b) the interest he got in the 3rd years​​

Answer 1

Answer:

Amount after 2 years =

$100000 \times (1 + \frac{13}{100} ) {}^{2} = \\ 100000 \times \frac{113}{100} \times \frac{113}{100 } = \\ 10 \times 113 \times 113 = 127690 \: ans$

so 3rd year, he got interest =

$127690 \times \frac{13}{100} = 16599.7$

Answer 2

Step-by-step explanation:

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