Saurabh invests Rs. 48,000 for 7 years at 10% per annum compound interest. Calculate :
(i) the interest for the first year.
(ii) the amount at the end of the second year.
(iii) the interest for the third year.
Mohit invests Rs.8,000 for 3 years at a certain rate of interest, compounded annually. At the end of one year it amounts to Rs. 9,440. Calculate :
(i) the rate of interest per annum.
(iii) the interest accrued in the third year.