Find the compound interest on ₹3125 for 3 years if the rates of inte

1.	Find the compound interest on ₹3125 for 3 years if the rates of interest for the first year, second year and third year are respectively 4%,5% and 6% per annum
Answer» ong>Answer: HOPE it useful MEANS MARK as brainlist please. Step-by-step explanation: It is given that PRINCIPAL (P) = 3125 Rate of interest for continuous = 4%,5% and 6% Period (n) = 3 years We know that Amount = P(1+r/100)n SUBSTITUTING the values =3125(1+4/100)(1+5/100)(1+6/100) By further calculation =3125×26/25×21/20×53/50 = 3617.25 Here CI=A−P Substituting the values =3617.25−3125 =492.25

Find the compound interest on ₹3125 for 3 years if the rates of interest for the first year, second year and third year are respectively 4%,5% and 6% per annum

Answer»

ong>Answer:

HOPE it useful MEANS MARK as brainlist please.

Step-by-step explanation:

It is given that

PRINCIPAL (P) = 3125

Rate of interest for continuous = 4%,5% and 6%

Period (n) = 3 years

We know that

Amount = P(1+r/100)n

SUBSTITUTING the values

=3125(1+4/100)(1+5/100)(1+6/100)

By further calculation

=3125×26/25×21/20×53/50

= 3617.25

Here

CI=A−P

Substituting the values

=3617.25−3125

=492.25

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Find the compound interest on ₹3125 for 3 years if the rates of interest for the first year, second year and third year are respectively 4%,5% and 6% per annum​

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Find the compound interest on ₹3125 for 3 years if the rates of interest for the first year, second year and third year are respectively 4%,5% and 6% per annum