Question

How much will Rs 1.00 000 amount to in 3 years compounded yearly if the rates for the successive years are 10% 8% and 4% respectively?

Answer 1

Answer:

For the third year, the above resulting amount will be the principal amount and R is 10%. Therefore, Rs. 50,000 in 3 years, compounded yearly, if the rates for the successive years are 6%, 8% and 10% respectively will amount to Rs. 62,964.