Question

calculate the compound interest acquired on 6000 in three years compounded yearly if the rate for the successive years at 5% 10% and 20%​

Answer 1

Step-by-step explanation:

R1 = 5%

R2% = 10%

R3% = 20%

P = 6,000 Rs

Amount, A = 6,000 × (105/100) × (110/100) × (120/100)

A = 6,000 × (21/20) × (11/10) × (6/5)

A = 8,316 Rs

CI = A - P = 8,316 - 6,000 = 2,316 Rs