What will be the amount (In ₹) if a sum of ₹ | vedclass

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Question

(b) Here, $P=5000, R_{1}=2, R_{2}=3$ and $R_{3}=4$

$	herefore$ Amount after 3 years

$=P\left(1+\frac{R_{1}}{100}ight)\left(1+\frac{R_{2}}{100

Vedclass · Accepted Answer

$5463.12$

Vedclass · Answer

(b) Here, $P=5000, R_{1}=2, R_{2}=3$ and $R_{3}=4$

$	herefore$ Amount after 3 years

$=P\left(1+\frac{R_{1}}{100}ight)\left(1+\frac{R_{2}}{100}ight)\left(1+\frac{R_{3}}{100}ight)$

$=5000\left(1+\frac{2}{100}ight)\left(1+\frac{3}{100}ight)\left(1+\frac{4}{100}ight)$

$=5000 	imes \frac{51}{50} 	imes \frac{103}{100} 	imes \frac{26}{25}$

$=₹ 5463 \cdot 12$

What will be the amount (In ₹) if a sum of ₹ $5000$ is placed at compound interest for $3$ years while rate of interest for the first, second and third years is $2,3$ and $4$ per cent, respectively?

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