Question

A man lends 12,500 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 C.I. of the first
year and the compound interest for the third
year.
​

Answer 1

C.1.for the first year = Rs 15oo

c.1......the second year = 2898