Question

find the compound interest on rupees 15000 after 3 years at 8% per annum for the first year 10% for the second year 12% for the third year the interest compounded annually.​

Answer 1

Step-by-step explanation:

principal = rs 15000

first year:

principal= rs 15000

interest= 8%

amount= 15000 +(0.08*15000) = rs 16200

second year:

principal= rs 12600

interest= 10%

amount= 16200+(0.1*16200) = rs 17820

third year:

principal= rs 15000

interest= 12%

amount= 17820+(0.12*17820) = rs 19958.40

interest= 19958.4 - 15000 = rs 4958.40

answer : amount = rs 19958.40 and

interest = rs 4958.40

Answer 2

Step-by-step explanation:

compound interest = 4958.4