If a sum of RS.10000 is placed at CI for 3 years while rate of interest for the first ,second and third year is 10% , 5% and 2% respectivEly , what amount will be receive
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p=10000
ci for 3 years
1st Year = 10×1×10000/100=1000-( interest)
p for 2nd year is 11000
2nd year =5×1×11000/100=11550(interest)
p for 3rd year is 11550
3rd year =2×1×11550/100
11550+231
=11781
ci for 3 years
1st Year = 10×1×10000/100=1000-( interest)
p for 2nd year is 11000
2nd year =5×1×11000/100=11550(interest)
p for 3rd year is 11550
3rd year =2×1×11550/100
11550+231
=11781
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