Math, asked by payyal4356, 1 day ago

Find the compound interest on R 8.35,000 for 3 years when the rate of interest is 8% for first 2 years and 10% for the third year.​

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Answered by bson
0

p=835000

r= 8% for 2years and 10% for 3rd year

A =p(1+r)ⁿ = p* (1+r)(1+r)...n times

=835000(1+8%)²(1+10%)

=835000×1.08² ×1.1

= 1071338.40/-

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