Question

the rate of interest be 4% per annum for first year, 5% per annum for second year
and 6% per annum for third year, then the compound interest of Rs. 10000 for 3 years
will be ?
​

Answer 1

Answer:

amount for consecutive years = p(1+R1/100)(1+R2/100)(1+R3/100)

= 10000(1+4/100)(1+5/100)(1+6/100)

amount =11575.2

ci=a-p

11575.2-10000

= 1575.2