Mr Reddy
ay invested Rs 20,000 for 3 years at the compound interest rate of 10% per annum. Due to
change in market condition the interest rate was raised to 12% per annum after one year. Find the
amount that Mr Reddy received at the end of 3 years.
Answers
Answered by
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Answer:₹27,596.8
Step-by-step explanation:
Amount recieved by Mr Reddy after 3 years=20000*110*112*112/100*100*100
=2*11*112*112/10
=22*12544
=₹27,596.8
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