7. The C.I on * 5000 for 3 years if the rate of interest is 5%, 6% and 7% for the 1920 and 3 years respectively is
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Answer:
Correct option is
B
Rs.76705
⇒ Here, P=Rs.50,000,R
1
=15% and R
2
=16%
⇒ A=P×(1+
100
R
1
)
2
×(1+
100
R
2
)
1
⇒ A=50000×(1+
100
15
)
2
×(1+
100
16
)
1
⇒ A=50000×(
20
23
)
2
×(
25
29
)
1
⇒ A=Rs.76,705.
Step-by-step explanation:
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