Math, asked by shauryas8023, 7 months ago

A sum of Rs.6000 was taken as a loan. The rates of compound interest 3 for successive years are 10%, 18% and 20% respectively. Find the amount to be repaid at the end of the 3 years.

Answers

Answered by amitsnh
0

Answer:

here, P = 6000 rs

interest for first year = 10%

interest = PR/100 = 6000*10/100

= 600

since, we are calculating compound interest, principal for second year will be amount after first year

for second year

P = 6000+600 = 6600

rate of interest = 18%

interest = PR/100

= 6600*18/100

= 1188

Amount after second year = 6600 + 1188 = 7788 rs

for third year

P = 7788

rate of interest = 20%

interest = PR/100

= 7788*20/100

= 1557.60

Amount after third year = 7788 + 1557.60

= 9345.60 rs

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