Question

find the compound interest on 3125 for 3 years at the rate of interest for the first second third year respectively 4,5,6

Answer 1

Answer:

Step-by-step explanation:

Answer 2

Answer:

Compound Interest is Rs. 492.25

Step-by-step explanation:

Principal Amount P= Rs. 3125

Rate of Interest in First year 4%

Amount at the end of 1st year

A=P(1+r/100)

=3125(1+0.04)=3125x1.04= Rs. 3250

Amount at the end of 2nd year

=3250(1+0.05)= 3250x(1.05)= Rs. 3412.5

Amount at the end of 3rd year

= 3412.5(1+0.06)

=Rs. 3617.25

Compound Interest = A-P

=3617.25-3125

= Rs. 492.25