Ten > Compound Interest

Asked by Basanta · 2 years ago

A sum of money Rs 40000 compounded annually for 2 years at the rates of interest for the years 10$\rm \%$ and 15$\rm \%$ respectively. 

1.  Find the amount compounded annually
2. Find the total compound interest.
3.  If the single rate of interest of 12$\rm \%$ is used to calculate the annual compound amount and the sum, then find the new compound amount.