what sum will amount to ₹28119 in 3 years at compound rate of interest, if the rate is 3% per annum for the first year, 4% per annum for the second year and 5% per annum for the 3rd year?
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3
28119 ×3 ×3
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100
We will solve it further and the rate of interest will be equal to rupees 2,530.71.
To find the total sum of amount we will add :-
(principal +simple interest )= Amount
(28119+2530.71)= 30649.71 (rupees )
I hope it is helpful ,If it helps mark my answer as brainliest answer.
Answered by
1
Answer:
use the formula of compounds Interest
A=p(1+r/n)^nt
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