Calculate the amount he has to pay afte 2 Jeetu lent 10000 for 3 years at different rates of yearly interest. For the first year he charged 5% per year, for the second year 6% and in the third year 7% per year. Find out his total income in 3 years by way of interest. (160 Maths-5
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the answer is ₹ 11909.1 . see the image attached for detailed solving. I hope it helps you
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p =10000
t =1 year
r =5%for 1st year = 10,000×5×1÷100=500
for 2nd year =10000×6×2÷100=1200
for 3rd year =10, 000×7×3÷100=2100
total = 500+1200+2100=3800
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