Mathematics · Compound Interest
If the rate of interest is 4% for the first year, 5% for the second year, and 6% for the third year, then what will be the compound interest on ₹10,000 for 3 years, compounded annually?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1,570.50
- 2₹1,500.00
- 3₹1,575.20✓
- 4₹1,580.25
Correct answer
₹1,575.20
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