Rs.16000 in 3 years,when the rates of the interest for successive years are 10%, 14% and 15% respectively. *
Answers
Answered by
0
Answer:
Your answer is =
Rs2,307.36
Hope this will help you
PLEASE mark me as brainliest and vote
✌✌✌✌✌
Answered by
2
Answer:
Step-by-step explanation:
or the first year, on interest being compounded at R=10 %, we have
Amount=P(1+
100
R
)
N
=16,000×(1+
100
10
)
1
=16,000×1.1=Rs17,600
For the second year, P=Rs17,600 on interest being compounded at R=14 %, we have
Amount=P(1+
100
R
)
N
=Rs17,600×(1+
100
14
)
1
=Rs17,600×1.14=Rs20,064
For the third year, P=Rs20,064 on interest being compounded at R=15 %, we have
Amount=P(1+
100
R
)
N
=Rs20,064×(1+
100
15
)
1
=Rs20,064×1.15=Rs23,073.60
So, Total amount =Rs23,073.60
And TotalC.I.=A−P=Rs23,073.60−Rs16,000=Rs7,073.60
Similar questions