Question

000
What sum will amount to * 28.119 in 3 years at compound rate of interest
, if the rate is 3% per annum for
the first year, 4% per annum for the second year, and 5% per annum for the third year.
.
(Ans. 25,000​

Answer 1

Step-by-step explanation:

28.119×3%=0.84357

0.84357+28.119=28.96257

28.96257×4℅=1.1585028

28.9257+1.1585028=30.1210728

30.1210728×5%=1.50605364

30.1210728+1.50605364=31.6271264