Saurabh invests Rs. 48,000 for 7 years at 10% per annum compound inter

1.	Saurabh invests Rs. 48,000 for 7 years at 10% per annum compound interest. Calculate : (i) the interest for the first year. (ii) the amount at the end of the second year. (iii) the interest for the third year.
Answer» Saurabh invests Rs. 48,000 for 7 years at 10% per annum compound interest. Calculate : (i) the interest for the first year. (ii) the amount at the end of the second year. (iii) the interest for the third year.

Saurabh invests Rs. 48,000 for 7 years at 10% per annum compound interest. Calculate : (i) the interest for the first year. (ii) the amount at the end of the second year. (iii) the interest for the third year.

Answer»

Saurabh invests Rs. 48,000 for 7 years at 10% per annum compound interest. Calculate :

(i) the interest for the first year.

(ii) the amount at the end of the second year.

(iii) the interest for the third year.