Question

the compound intrest compounded anually, on a certain sum is 29,040 in second year
The compound interest compounded annually,
and is 31,944 in third year. Calculate.
(1) the rate of interest.
(ii) the interest for 4th year.
(iii) the interest for 1st year.




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Answer 1

Answer:

.....1.1.1.1.1.1.1.1.1.1.1m1.1m1.1m1.1.1.1.1.