FIND THE COMPOUND NTEREST ON RS. 3125 FOR 3 YEARS IF THE RATES OF INTEREST FOR THE FIRST, SECOND AND THIRD YEAR RESPECTIVELY ARE 4% 5% 6% PER ANNUM
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Answered by
616
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
=3,617.25
CI = A - P
=3,617.25 - 3125
=492.25
Hope this helps
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
=3,617.25
CI = A - P
=3,617.25 - 3125
=492.25
Hope this helps
Answered by
21
Rs. 492.25
Step-by-step explanation:
Given that,
Principal = Rs. 3125
Time = 3 years
Rate of interest for first, second, and third year = 4%, 5%, & 6%
As we know,
Amount = P( 1 + r/100)^n
= 3125(1 + 4/100)(1+5/100)(1+6/100)
= 3125(104/100)(105/100)(106/100)
= 3125(26/25)(21/20)(53/50)
= Rs. 3617.25
Since
Amount = Principal + Compound Interest
3167.25 = Rs. 3125 + Compound Interest
∵ Compound Interest = Rs. 3617.25 − Rs. 3125
= Rs. 492.25
Learn more: Find the interest
brainly.in/question/33227746
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