Question

find compound interest on 3125 for 3 year if the rate of interest for the first second and third year are respectively 4% 5% 6%

Answer 1

First year = 125
4/100*3125=125

Second year =162.5
3250*5/100=162.5

Third year=204.75
3412.5*6/100=204.75

125
162.5
+204.75
-----------
492.25

Total compound interest is 482.25