1.

What is the sum of money will amount to 11035.50 in four years at compound interest for 1st, 2nd, 3rdand 4th years being 4%, 3%, 2% and 1% respectively

Answer»

Step-by-step EXPLANATION:

A=9000×(1+

100

12

)(1+

100

15

)(1+

100

20

)

A=9000×

100

112

×

100

115

×

100

120

A=

100

112×115×12×9

A=13910.40Rs



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