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Calculate the compound interest on Rs 20000 for 3 years if the rates ofinterest for the first, second and third year are respectively 8%, 9% and 10% per annum. |
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Answer» Answer: 5898.4Rs Step-by-step EXPLANATION: FIRST year=20000×8/100 =1600 total money=20000+1600 SECOND year=21600×9/100 =1944 total money=21600+1944 =23544 third year=23544×10/100 = 2354.4 total money=23544+2354.4 =25898.4 compound interest=25898.4-20000 =5898.4Rs |
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