Question

find the ci on ₹8,75,000 compoundef annually if the rate of interest being 2%,4%,and 5% respectively for 3 successive years?​

Answer 1

Answer:

principal=87500

rate of interest=2%,4%,5%

time=3years

(we will take the power as 1 because there are 2 years and 3 rate of interests)

A = p(1+2/100)(1+4/100)(1+5/100)

A=87500×51/21×26/25×21/20

A=9746100 compound interest=snyntr-principal

c.i=9746100-875000c.i=887100