Question

Calculate the compound interest accrued on Rs 16,000 in 3 years, when rates for successive years are 10%,12%,15% respectively.

Answer 1

Answer:

Whenratesofdifferentyearisgivenformulatocalculateamountis A=P(1+

100

R

1

)(1+

100

R

2

)(1+

100

R

3

)

Givenprincipalis16000

A=16000(1+

100

10

)(1+

100

12

)(1+

100

15

)

A=16000(1.1×1.12×1.15)

A=16000×1.4168

A=22668.8

Amountwillbe22668.8

∴ Compound interest accrued will be =22,668.80−Rs.16,000=Rs.6,668.80

Step-by-step explanation:

I hope it helps

Answer 2

Answer:

here is the answer in the attachment..

Step-by-step explanation: