find the amount and compound interest on 18000 cimpounded annually, the rate of interest being 7%, 12% and 14% respectivally for 3 successive years
Answers
Answered by
2
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
Similar questions