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 Rs .1000 for 3 years will be?
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(1000×4)/100)=Total compound interest for first year
Total=40
(1040×5)/100=Total compound interest for second year
Total=57
(1097×6)/100=Total compound interest for third year
Total interest=65.82
Total compound interest=162.82
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