Question

the compound interest compounded annually on a certain sum is rupees 29040 and second year and rupees 30944 in third year calculate the rate of interest,the interest for the forth year and 1st year​

Answer 1

hey mate

follow this method :

C.I for the forth year=933.12+8%of933.12

⇒933.12+  100 8  ×933.12

⇒933.12+74.65=Rs.1007.77

i hope it helps

have a nice day