Question

find
the compound interest on
75,000 for 3 years if the rates for the 3 years are 5%. 7.2°% 9% respectively​

Answer 1

Answer:

caluclate this

Step-by-step explanation:

as we know, p(1+r/100)n

p=75000, n=3years, r=5% 7.2% 9% respectivly

75000(1+5/100)3

75000(1/7.2/100)3

75000(1+9/100)3

Answer 2

we are in equal to time

A=75000(1+5/100)(1+7.2/100)(1+9/100)

=92017.8

CI=A-P

=92017.8-75000

=17017.8