Question

Calculate compound interest variable rate

Answer 1

But where is the question.

Answer 2

When the rate of compound interests for successive/consecutive years are different (r 1%, r 2%, r 3%, r 4%, .................. ) then:

A = P( 1 + r1100)(1 + r2100)(1 + r3100) .............

Where,

A = amount;

P = principal;

r 1, r 2, r 3, r 4.......... = rates for successive years.

Thanks.