Question

calculate the amount and compound interest on 17000 in 3 years at the rate of interest for successive years is 10%, 10% and 14% respectively

Answer 1

thats its answer I hope its help you

Answer 2

Given :

Sum invested = Rs. 17000

Rate of growth = 10%, 10%, and 14%.

Time = 3 years

To find : Amount = ? and compound interest = ?

Solution :

Amount in three years would be :

$A=17000(1+\dfrac{10}{100})(1+\dfrac{10}{100})(1+\dfrac{14}{100})\\\\A=17000\times \dfrac{11}{10}\times \dfrac{11}{10}\times \dfrac{57}{50}\\\\A=23449.80$

Compound interest would be:

$Amount-Principal\\\\=23449.8-17000\\\\=6449.8$

Hence, the amount is Rs. 23449.80 and compound interest = Rs. 6449.80.