Ten > Compound Interest
Asked by Basanta ยท 2 years ago

A man lent Rs 5000 from a bank at the rate of 12$\rm \%$ p.a. for three years. 

  1.  How much simple interest will he receive after 3 years? 
  2.  How much annual compound interest will he receive after 3 years? 
  3.  Find the difference of annual compound interest and simple interest after 3 years. 
  4.  By what percent annual compound interest is more than simple interest? 
     

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