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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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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