Math, asked by umang785856, 5 months ago

Find the amount and compound interest on 20,000 compounded annually for 3 years, the rates of interest
being 5%, 10%, and 12%, respectively.

Answers

Answered by amanbdps15

1

Answer:

1st year

(20000×1×5)/100

₹1000

2nd year

(20000×1×10)/100

₹2000

3rd year

(20000×1×12)/100

₹2400

Now adding the interest,

₹(1000+2000+2400)

₹5400

Amount will be

₹(20000+5400)

₹25400 (ans)

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