Question

calculate the compound interest accrued on rs 2000 in 3 years, when the rates of interest for succesive years are 8%,10%,12%​

Answer 1

Step-by-step explanation:

Sum=Rs.12000

Time=3 years

Rate of interest=8%,10%,15%

Required amount, A = P(1+100r1)(1+100r2)(1+100r3)

⇒A=Rs.12000(1+1008)(1+10010)(1+10015)

⇒12000×100108×100110×100115

⇒Rs.16394.40

C.I.=Rs.16394.40−Rs.12000=Rs.4394.40

Hope it's Help you.