Question

Find the amount and thee compound interest on Rs 10000 in 3 years,if the rates of interest for the successive years are 10%,15% and 20% respectively

Answer 1

Answer:

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Step-by-step explanation:

A=P(1+ 100R 1 )(1+ 100R 2 )(1+ 100R 3)

=10000(1+ 10010 )(1+ 10015 )(1+ 10020)

=10000×

10

11

×

20

23

×

5

6

A=15180

C.I=A−P

=15180−10000=Rs.5180