Calculate the compound interest accrued on ₹ 6000 in 3 years, compounded yearly, if the rates for the successive years are 5%, 8% and 10% respectively.
Compound Interest
41 Likes

Question

Calculate the compound interest accrued on ₹ 6000 in 3 years, compounded yearly, if the rates for the successive years are 5%, 8% and 10% respectively.

KnowledgeBoat · Accepted Answer

Given, P = ₹ 6000 r₁ = 5% r₂ = 8% r₃ = 10% n = 3 years By formula, A = Substituting values we get : By formula, C.I. = A - P = ₹ 7484.40 - ₹ 6000 = ₹ 1484.40 Hence, compound interest = ₹ 1484.40

Mathematics

Calculate the compound interest accrued on ₹ 6000 in 3 years, compounded yearly, if the rates for the successive years are 5%, 8% and 10% respectively.

Compound Interest

Related Questions

Find the amount and the compound interest on ₹ 12000 in 3 years at 5%; interest being compounded annually.

Calculate the amount, if ₹ 15000 is lent at compound interest for 2 years and the rates for the successive years are 8% p.a. and 10% p.a. respectively.

What sum of money will amount to ₹ 5445 in 2 years at 10% per annum compound interest ?

On what sum of money will the compound interest for 2 years at 5 per cent per annum amount to ₹ 768.75 ?