Question

Find the compound interest on ₹3125 for 3 years if the rates of intresets for the first second and the third year are respectively 4 5 and 6​

Answer 1

Answer:

= 3125

T = 3 years

R1 % = 4% , R2% = 5%, R3% = 6%

A = P (1 + R/100)^T

A = 3125 ( 1 + 4 / 100) ( 1+ 5/100) (1+6/100)

= 3125 × 104/100 × 105/100 × 106/100

=3,617.25

CI = A - P

=3,617.25 - 3125

=492.25