A certain sum of money is invested at the rate of 5% per annum compound interest, the interest compounded annually. If the difference between the interests of the third year and the first year is ₹102.50. Find the sum.
Solution:
More Solutions:
- Calculate the amount and compound interest
- Find the difference between the simple interest and compound interest
- Kamla borrowed ₹26400 from a Bank to buy a scooter
- Mukesh borrowed 775000 from a bank
- What sum of money will amount to ₹9261 in 3 years
- In what time will ₹15625 amount to ₹ 17576 at 4% p.a