Question

Calculate the amount and the compound interest on 12,000 in 3 years when the rates
of interest for successive years are 8%, 10% and 15% respectively.​

Answer 1

Answer:

P = 12000 t = 3yrs r= 8%, 10%15%

required amount = A = P (1+r1/100) (1+r2/100) (1+r3/100)

A = rs 12000(1+8/100) 1+10/100) (1+15/100)

= rs 16,394.40

also,

Ci = amount - principal

= rs16,394.40- rs 12000

= 4,394.40

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Answer 2

Step-by-step explanation:

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