Question

what will be the amount and compound interest on rupees 5000 3 years if the rate of interest is 4% for the first year 3% for 2nd year and 2% per 3rd year​

Answer 1

Answer:

amount is Rs. 5463.12 and compound interest is Rs. 463.12

Answer 2

Answer:

Interest for 1st year

s.i = 5000*4*1/100

s.i.=200

Interest for 2nd year

s.i.=5000*3*1/100

s.i.=150

Interest for 3rd year

s.i.=5000*2*1/100

s.i.=100

Compound interest for 3 year=200+150+100

=450

Amount=5000+450

=5450