Find the amount and C.I on ₹12,000 in 3 years when the rate of interest for
successive years are 10%, 12%, and 15% respectively.
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Answer:
Compound Interest,
Amount A = 12000*110*112*115/100*100*100
= 17,001.6
Compound interest
CI = A - P
= 17,001.6 - 12000
= 5001.60
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