find the CI on rs 8,75,000 compound annually if the rate of interest being 2℅ ,4% and 5% respectively for 3 successive years.
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principal - 875000
rate of interest - 2%,4%,5%
time - 3 years
( we will take power as 1 because there are 3 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 = amount - principal
compound interest = 9746100 - 875000
compound interest = 887100
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