Question

3. Calculate the amount due in 3years on 5,000, if the rates of compound interest for successive years
are 7% 8% and 10% respectively.​

Answer 1

This is an example you can definitely do it..

1st

 year

Principal, P=Rs.5000

Time, T=1 year

Rate of interest ,R=6%

∴simple Interest, SI=  

100

PTR

​  

=  

100

5000×10×6

​  

=Rs.300

∴Amount=P+SI=Rs.5300

2nd year

Principal = Amount of 1st year=Rs.5300

Rate of interest =8%

Time =1 year

∴ Interest =  

100

5300×1×8

​  

=Rs.424

∴ Amount =Rs.(5300+424)=Rs.5724

The interest of 2nd year is the required compound interest. So, C.I=rs.424 and the required amount is Rs.5724

Start the meeting

Answer 2

Step-by-step explanation:

hi

how are you

the answers is

Rs.5724

I hope this helps you

plz thank my answers also make my answers as brainlist have a great day I will also do the same