Question

If the compound interest rate is 4% in the first year, 5% in the second year and 6% in the third year So what will be the 3 year compound interest of ten thousand rupees?​

Answer 1

Answer:

Correct Answer is 1575.20

Step-by-step explanation:

If the rate of interest be 4% per annum for first year, 5% per annum for second year and 6% per annum for third year, then the compound interest of 10000 Rs. for 3 years will be :

[A]1575.20 Rs.

[B]1600 Rs.

[C]1625.80 Rs.

[D]2000 Rs.

1575.20 Rs.