what sum of money will amount to rupees 2811. 90 in 3 years when the rate of interest is 3% for the first year 4% for the second year and 5% for the third year
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Answer:
2811 [ 1+3/100 1+4/100 1+5/100]
2811 [ 103/100 104/100 105/100]
2811.90× 100/103×104/100×105/100
2811.90/1.03×1.04×1.05
= 2510.625
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