Question

How much will ₹5000 amount to in 3 years compounded yearly, if the rates for the successive years are 6%, 8% and 10% respectively

Answer 1

p=5000
r= 6%,8%,10%
t=3 years

CI 1 year= 5000*6*1/100
=300
amount=5300
CI 2 year= 5300*8*1/100
= 424
amount =5724
CI 3 year= 5724*10*1/100
=5724/10
=572.4
total CI=300+424+572.4
=1296.4 ans

hope this will help you!!