Nirmal invests 10000 in a company. If the expected gain 10% for first year, 15% for
second year and 18% for third year, then find the amount he receives after 3 years.
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Answered by
4
Answer:
Nirmal receives Rs 14927 after 3years.
Step-by-step explanation:
Principal money for 1st year=10000
Rate of interest = 10%
Amount after one year = 1000+((10000×10×1) /100) =10000+1000=11000.
Therefore principle money for 2nd year=11000.
Rate of interest =15%
Amount after end of 2nd year = 11000+((11000×15×1) /100)=1650 +11000=12650.
Principle for 3rd year=12650.
Rate of interest=18%
Amount after end of 3rd year=12650+((12650×18×1) /100)) = 2277+12650=14927.
He receives Rs 14927 after 3years.
Answered by
0
Answer:
₹14927 receives after 3 years
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