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1st Year: P = 20000
S.I = 5% × 20000 = Rs. 1000
Amount = 20000 + 1000 = Rs. 21000
2nd Year: P = 21000
S.I = 6% × 21000 = Rs. 1260
Amount = 21000 + 1260 = Rs. 22260
3rd Year: P = 22260
S.I = 8% × 22260 = Rs. 1780.8
Amount = 22260 + 1780.8 = Rs. 24040.8
Amount Received after 3 Years =
Rs. 24040.8
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