Question

principal 32000 rate 10% 11% and 12%. find the amount after 3 yrs

Answer 1

Answer:

After 1st year, Amount become

$32000 + \frac{32000 \times 10 \times 1}{100} = 32000 + 3200 = 35200$

After 2nd year, Amount become

$35200 + \frac{35200 \times 11 \times 1}{100} = 35200 + 3872 = 39072$

After 3rd year, Amount become

$39072 + \frac{39072 \times 12 \times 1}{100} = 39072 + 4688.64 = 43760.64$