find the compound interest on ₹3125 for 3 years if the rates of interest for the first second and third year are 4%, 5%, and 6% respectively
please answer with the full calculation and i will mark you as the brainliest
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Answer:
₹492.25
Step-by-step explanation:
compound interest for 3 year on ₹ 3125 with at the @ 4%, 5% & 6%
formula: A=P(1+r/100)^n
=> ₹{3125*(1+4/100)*(1+5/100)*(1+6/100)}
=> ₹(3125*104/100*105/100*106/100)
=> ₹3617.25
NØW,
compound interest = amount – principal
=> ₹3617.25 – ₹3125
=>₹492.25
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