please answer me urgently step by step explanation please clear photo of answers please urgent answer
Answers
Given : An amount of Rs 15000 at interest for 3 years with rate of interest being 8 % , 9 % & 10 % for 1st , 2nd & 3rd year respectively
To Find : Amount & Compound interest after 3 years
Solution:
P = 15000
Rate of interest
8 % - 1st year
9 % 2nd year
10 % 3rd years
Interest = P * R * T /100
interest in 1st Year = 15000 * 8 * 1 / 100 = Rs 1200
Amount after 1 year = 15000 + 1200 = Rs 16200
interest in 2nd Year = 16200 * 9 * 1 /100 = Rs 1458
Amount after 2nd year = 16200 + 1458 = Rs 17658
interest in 3rd Year = 17658 * 10 * 1 /100 = Rs 1765.8
Amount after 3rd year = 17658 + 1765.8 = Rs 19423.8
Amount = Rs 19423.8
Compound Interest = 1200 + 1458 + 1765.8 = Rs 4423.8
or 19423.8 - 15000 = Rs 4423.8
Amount = Rs 19423.8
Compound Interest = Rs 4423.8
Learn more:
1. Find the difference between CI and SI on 5000 for 1 year at 2% pa
https://brainly.in/question/13187389
Rs12000 is invested for 1½ years at compound Interest (CI) if ...
https://brainly.in/question/13023581
CI on a sum is 320 in 2nd year & 2000 in 4th year. CI in the 3rd year
https://brainly.in/question/9488879