Find the compound interest on Rs3125 for 3years if the rates of interest for the first, second and third year are respectively 4%, 5%, and 6% per annum.
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P = 3125
T = 3 YEARS
R1 ℅ = 4℅ , R2 ℅ = 5℅ , R3 ℅ = 6℅
A = P( 1 + R/100)^T
A = 3125 ( 1 + 4 / 100 ) ( 1 + 5/100) ( 1 + 6 /100)
= 3125 ×104/100 × 105/100 × 106/100
= 3617.25
CI = A - P
= 3617.25 - 3125
= 492.25
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Answer:
492.85 is the answer didi
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