calculate the amount and compound interest on 17000rs in 3 yrs when rate of interest for successive yres are 10%,10%,14%respectively. plzz ans me
Answers
Answered by
1
Step-by-step explanation:
Interest for the 1
st
year =Rs
100
17000×10×1
=Rs 1700
Amount after 1
st
year =Rs 17000+Rs 1700=Rs 18700
Interest for the 2
nd
year =Rs
100
18700×10×1
=Rs 1870
Amount after 2
nd
year =Rs 18700+Rs 1870=Rs 20570
Interest for the3
rd
year =Rs
100
20570×14×1
=Rs 2879.80
Amount after 3
rd
year =Rs 20570+Rs 2879.80=Rs 23449.8
∴ Compound Interest =Rs 23449.8−Rs 17000=Rs 6449.80
Answered by
0
Step-by-step explanation:
1st year = 17000×110/100 = ₹ 18700
2nd year = 18700 ×110/100 = ₹20570
3rd year = 20570×114/100 = ₹ 23449.5
₹23449.5 is the answer
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