Ten > Compound Interest
A sum of money Rs 25000 compounded annually for 2 years. The rates of interest for two years are 10$\rm \%$ and 12$\rm \%$ respectively.
- Find the amount compounded annually.
- Find the total compound interest.
- If the single rate of interest is an average of 10$\rm \%$ and 12$\rm \%$ i.e. 11$\rm \%$ is used, then find the annual compound amount of the sum.
- Which of the compound amounts (1) or (3) is more?
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