Mathematics · Compound Interest
A principal amount of Rs. 50,000 is lent for 3 years at compound interest (compounding annually). If the rate of interest is 3% per annum for the first year, 5% per annum for the second year, and 8% per annum for the third year, what is the total interest received after 3 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 8,401✓
- 2Rs. 5,231
- 3Rs. 7,291
- 4Rs. 9,241
Correct answer
Rs. 8,401
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