Question

The price of silver at present is Rs 8,000 per kg . Its price increases at the rate of 5% in the first year, decrease at the rate of 10% in the second year and again decrease further at the rate of 4% in the third year. Find its price per kg at the end of the third year.

Answer 1

by using the compound interest
A=₹8000(1+5/100)×(1-10/100)×(1-4/100)
A=₹7057.60
per kg=₹7057.60