Question

What willbethe amountand compound interest on rs.5000 in 3 yearsif therate ofinterestis 4%for the first year,3%for thesecond year and 2% for thethird year. ????

Answer 1

Answer:

Amount = Rs.{5000*(1+(8/100))*(1+(10/100))*(1+(12/100))}

Amount = Rs.{5000*(1+(8/100))*(1+(10/100))*(1+(12/100))}Solve

Amount = Rs.{5000*(1+(8/100))*(1+(10/100))*(1+(12/100))}Solve = Rs. 6652.80

Compound Interest = 1652.80 Rs.Hope this would be helpful.

Answer 2

Explanation:

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