Mathematics
A man invests ₹ 5600 at 14% per annum compound interest for 2 years. Calculate :
(i) the interest for the first year.
(ii) the amount at the end of the first year.
(iii) the interest for the second year, correct to the nearest rupee.
Related Questions
Calculate the difference between the simple interest and compound interest on ₹ 4000 in 2 years at 8% per annum compounded yearly.
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A man saves ₹ 3000 every year and invests it at the end of the year at 10% compound interest. Calculate the total amount of his savings at the end of the third year.
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