Question

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

Answer 1

Answer:

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Step-by-step explanation:

It is given that 

Principal (P) = 3125

Rate of interest for continuous = 4%,5% and 6%

Period (n) = 3 years 

We know that 

Amount =  P(1+r/100)n 

Substituting the values 

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

By further calculation 

=3125×26/25×21/20×53/50

= 3617.25

Here 

CI=A−P

Substituting the values 

=3617.25−3125

=492.25

Answer 2

Answer:

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