A sum of Rs.7000 is borrowed for 3 years on compound interest . The rates of interest for the 3 years are 7%,8% and 9% respectively . Find the amount that has to be repaid after 3 years
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Answer:
8817
Step-by-step explanation:
(1.07×1.08×1.09×)=1.259604 effective rate
then, multiply with ₹ 7000
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