Question

1. A man lent Rs 12500 at 12% for the first year, at 15% for the second year and at 18% for the third year. If the rates of interest are compounded yearly; find the difference between the compound interest of the first year and compound interest for the third year

Answer 1

Answer:

compound interest of frist year is 1500

compound interest of third year is 6498

the difference between in frist and third year is 4998