calculate the compound intrest accrued on rupess 600in 3 years ,compounded yearly ,if the rates for the successive years are 5%,8% and 10% respectively
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Answered by
1
Answer:
Given, P= Rs. 6000, n=3 years, r
1
=5%, r
2
=8% and r
3
=10%.
Amount (A) after three years is given by
A=P(1+
100
r
1
)(1+
100
r
2
) (1+
100
r
3
)
=P(1+
100
5
)(1+
100
8
) (1+
100
10
)
=6000(
20
21
)(
25
27
) (
10
11
)
= Rs. 7484.40
∴ Compound interest (C.I.) =A−P
= Rs. (7484.40−6000)
= Rs. 1484.40
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Answered by
5
The correct question is - calculate the compound interest on ₹ “6000” in 3 years,...(not 600)
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