Question

Find the compound interest on rs 8000 for 3 years if the rates of for the three years are 4% 5% and 10% respectively

Answer 1

Given:-

₹80,000 for 3 years if the rates of for the three years are 4% 5% and 10% respectively.

To find:-

Compound interest

Solution:-

A=P=$\dfrac{1+R1}{100}$ $\dfrac{1+R2}{100}$ $\dfrac{1+R3}{100}$

A=80,000$\dfrac{1+4}{100}$ $\dfrac{1+5}{100}$ $\dfrac{1+10}{100}$

A=80,000$\dfrac{1}{25}$ $\dfrac{1}{20}$ $\dfrac{1}{10}$

After cutting we will get:-

A=16×26×21×11

A=₹96096

______________

Compound Interest=A-P

Therefore 96096-80,000

Therefore 16096

Hence amount is 96096 & Compound Interest is ₹16096