somebody please give me the correct solution
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Answered by
32
Answer:
Given
Principal (P) = Rs 3125
Rate of interest for continuous 3 years = 4%, 5%, 6%
Period (n) = 3 years
Therefore,
Amount =P{1+(r/100)}n
= 3125 {1 + (4 / 100)} {1 + (5 / 100)} {1 + (6 / 100)}
On further calculation, we get,
= 3125 × (26 / 25) × (21 / 20) × (53 / 50)
We get,
= Rs 14469 / 4
= Rs 3617.25
Hence,
Compound interest = Amount – Principal
= Rs 3617. 25 – Rs 3125
= Rs 492. 25
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Step-by-step explanation:
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