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RAMASHRAY PAL

· started a discussion

· 1 Months ago

Q-64 (Question: 190198.0 )

The solution is not correct or option of the solution is not correct.
please check the correct answer

Question:
If the rate of interest be 4% per annum for the first year, 5% per annum for the second year and 6% per annum for the third year, then the compound interest of  Rs.10,000 for 3 years will be – 
Options:
A) Rs.1600
B) Rs.1625.80
C) Rs.1575.20 
D) Rs.2000
Solution:

Ans.(C)



Knowledge Expert

· commented

· 1 Months ago

Hi both are correct............Apply, Amount = P(1+R1/100)(1+R2/100)(1+R3/100)
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