Question

Mr john deposit rs 5000 in the bank of 3 years if the rate of compound interest charged is 7% pa,8% pa and 10% pa respectively for the three years then find the amount and CI received by mr john at the end of 3 years ?​

Answer 1

Answer:

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Step-by-step explanation:

Answer 2

Step-by-step explanation:

principal = ₹5000

1st year = 5000×107/100 = ₹5350

2nd year = 5350×108/100 = ₹5778

3rd year = 5778×110/100 = ₹5885

C.I. = Amount-principal

= ₹5885-5000

=₹885

the Amount =₹5885 and CI =₹885 received by mr john at the end of 3 years

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