Question

what sum of money will amount to rupees 2811.90 in in three years when the rate of interest is 3% for the first year 4% per second year 5% for the last third year​

Answer 1

Answer:

ANSWER

A=Rs.9261;n=3 years and r=5%

∵A=P(1+

100

r

)

n

∴9261=P(1+

100

5

)

3

⇒P=9261×(

21

20

)

3

⇒9261×

21

20

×

21

20

×

21

20

=Rs.8000

∴ Required Sum =Rs.8000

Step-by-step explanation:

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Answer 2

hope you understand the solution

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