calculate the compound interest acquired on 6000 in three years compounded yearly if the rate for the successive years at 5% 10% and 20% About the author Eliza
Step-by-step explanation: R1 = 5% R2% = 10% R3% = 20% P = 6,000 Rs Amount, A = 6,000 × (105/100) × (110/100) × (120/100) A = 6,000 × (21/20) × (11/10) × (6/5) A = 8,316 Rs CI = A – P = 8,316 – 6,000 = 2,316 Rs Reply
Step-by-step explanation:
R1 = 5%
R2% = 10%
R3% = 20%
P = 6,000 Rs
Amount, A = 6,000 × (105/100) × (110/100) × (120/100)
A = 6,000 × (21/20) × (11/10) × (6/5)
A = 8,316 Rs
CI = A – P = 8,316 – 6,000 = 2,316 Rs