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A man invests Rs. 9600 at 10% per annum compound interest for 3 years. Calculate : (i) the interest for the first year.

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A man invests Rs. 9600 at 10% per annum compound interest for 3 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. 

(iv) the interest for the third year.

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1 Answer

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Principle (P) = Rs.9600

Rate (R) = 10% p.a.

Period (n) = 3 years

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