Mathematics
A man invests ₹5000 for three years at a certain rate of interest, compounded annually. At the end of one year it amounts to ₹5600. Calculate :
(i) the rate of interest per annum.
(ii) the interest accrued in the second year.
(iii) the amount at the end of the third year.
Related Questions
A person invests ₹10000 for two years at a certain rate of interest, compounded annually. At the end of one year this sum amounts to ₹11200. Calculate :
(i) the rate of interest per annum.
(ii) the amount at the end of second year.
Mr. Lalit invested ₹5000 at a certain rate of interest, compounded annually for two years. At the end of first year it amounts to ₹5325. Calculate :
(i) the rate of interest.
(ii) the amount at the end of second year, to the nearest rupee.