Mathematics · Interest
If the rate of interest is 10% for the first year, 20% for the second year and 10% for the third year, then what principal amount will grow to Rs. 11,616 in 3 years at compound interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 9,000
- 2Rs. 9,500
- 3Rs. 8,000✓
- 4Rs. 9,600
Correct answer
Rs. 8,000
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