Question

if the rate of interest is 12% per annum for first 3 years,is 15% per annum for next 2 years and 10%per annum for next 2 years, find the sum amount to if a person borrowed rs. 3000 for 6 years ?​

Answer 1

Answer:

3000×12%×3 =1080

3000×15%×2=900

3000×10%×2=600

1080+900+600=2580