A sum of money is invested at a constant rate of compound interest payable annually. The interests in two successive years are ₹ 225 and ₹ 240. Find interest in the third year.Post author:ats14795@gmail.comPost published:September 23, 2020Post category:Compound InterestPost comments:0 Comments Solution: Continue ReadingA sum of money is invested at a constant rate of compound interest payable annually. The interests in two successive years are ₹ 225 and ₹ 240. Find interest in the third year.
In how many full years will a sum of money become more than double at the Compound Interest rate of 20% p.a.?Post author:ats14795@gmail.comPost published:September 23, 2020Post category:Compound InterestPost comments:0 Comments Solution: Continue ReadingIn how many full years will a sum of money become more than double at the Compound Interest rate of 20% p.a.?