Find the C.I on 15000 for 3 years if the rates of interest are 15%, 20%
25% for I, II and III years respectively.
Answers
Answered by
35
Answer:
10875
Step-by-step explanation:
Interest for year I
= 15000×15/100×1
= 2250
Interest for year II
= (15000+2250)×20/100×1
= 17250×20/100
= 1725×2
= 3450
Interest for year III
= (15000+2250+3450)×25/100×1
= 20700×25/100
= 207×25
= 5175
Total Interest
= 2250+3450+5175
= 10875
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