Question

find the amount and compound interest on rupees 50000 compare the rate of interest by 5% ,8% and 10% respectively for three successive years

Answer 1

A=50000(1+5/100)(1+8/100)(1+10/100)
A=50000×105/100×108/100×110/100
A=62,370
therefore,compound interest=
62,370-50000
=12370

ANSWER=62,370/ 12,370

Answer 2

principal = 50000
rate = 5%,8%,10%
time= three years

si= p×r×t/100
si= 50000×5×1/100
si= 2500
amount = 50000+2500

= 52500
now it is principal for next year
si= 52500×8×1/100
si= 4200
amount = 52500+4200
= 56700

now it is principal for next year

si= 56700×10×1/100
si= 5670
amount = 56700+5670
=62370
now compound interest
= 62370-50000
= 12370
hope it helps you


$Rahul Aryan$
☺☺☺☺