Question

A sum of money was invested for 3 years interest being compounded annually the rate for successive years work 10% 15% and 18% respectively if the compound interest for the second year amount to rupees 4950 find the sum invested

Answer 1

Hey mate,.

A=P(1+r¹/100)¹×(1+r²/100)¹

A=X(1+10/100)¹×(1+15/100)¹=>>>1.265x

Given,

1.265x-1.1x=4950

0.165x=4950

X=30000 rupees.

Hope it will help you

✌️sai

Answer 2

Please mark this answer as brainliest answer. Thank you.