Question

8. Meenal lends * 75,000 at C.I. for 3 years. If
the rate of interest for the first two years is
15% per year and for the third year it is 16%,
calculate the sum Meenal will get at the end
of the third year.​

Answer 1

Answer:

75000×(1+15/100)^2×(1+16/100)

=75000×1.15×1.15×1.16

=115057.50 Ans