Mathematics
A person invests ₹ 5000 for three years at a certain rate of interest compounded annually. At the end of two years this sum amounts to ₹ 6272. Calculate :
(i) the rate of interest per annum.
(ii) the amount at the end of the third year.
Related Questions
At what rate per cent compound interest, does a sum of money become 1.44 times of itself in 2 years ?
At what rate per cent will a sum of ₹ 4000 yield ₹ 1324 as compound interest in 3 years ?
In how many years will ₹ 7000 amount to ₹ 9317 at 10 per cent per annum compound interest ?
Find the time, in years, in which ₹ 4000 will produce ₹ 630.50 as compound interest at 5 percent p.a. interest being compounded annually.