Question

find the amount and compound interest on 18000 cimpounded annually, the rate of interest being 7%, 12% and 14% respectivally for 3 successive years​

Answer 1

Answer:

6591 ,24591

Step-by-step explanation:

single rate = 19.84 + 14 + 19.84×14/100

= 36.6176%

c.i = 36.6176% of 18000

= 6591

A = 136.6176% of 18000

= 24591