Math, asked by shrihannverma, 6 months ago

Calculate the compound interest on Rs 20000 for 3 years if the rates of
interest for the first, second and third year are respectively 8%, 9% and 10% per annum.

Answers

Answered by samarkumar122
1

Answer:

5898.4Rs

Step-by-step explanation:

first year=20000×8/100

=1600

total money=20000+1600

=21600

second year=21600×9/100

=1944

total money=21600+1944

=23544

third year=23544×10/100

= 2354.4

total money=23544+2354.4

=25898.4

compound interest=25898.4-20000

=5898.4Rs

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