Mathematics · Compound Interest
A man invests Rs. 5000 in a bond that yields compound interest at a rate of 4% per annum during the first year, 5% per annum during the second year, and 10% per annum during the third year. How much total amount will the man receive at the end of the third year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 6006✓
- 2Rs. 5999
- 3Rs. 5500
- 4Rs. 6500
Correct answer
Rs. 6006
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