Question

Find the CI on 15000 for 3 years if the rates of interest are 15%,20%and
25% for I, II and III years respectively.​

Answer 1

Answer:

10875

Step-by-step explanation:

A=P(1+a/100)(1+b/100)(1+c/100)

=15000(1+15/100)(1+20/100)(1+25/100)

=15000(115/100)(120/100)(125/100)

A =25875

C.I=A-P

=25875-15000

=10875