Question

formula for ci for 3 successive years with rate x% y% z%. with principal as P.?​

Answer 1

Total Amount based on Compound Interest, A = P(1 + (R/100))^n

Amount at the end of 1st year, A = P(1 + (X/100)) = P1

Amount at the end of 2nd year, A = P1(1 + (Y/100)) = P(1 + (X/100))*(1 + (Y/100)) = P2

Amount at the end of 3rd year, A = P2(1 + (Z/100)) = P(1 + (X/100))*(1 + (Y/100))*(1 + (Z/100)) ——> Answer