Mathematics · Compound Interest
Rs. 30,000 is lent at compound interest (compounded annually) for 3 years. If the rate of interest is 10 percent for the first year, 20 percent for the second year and 30 percent for the third year, then what will be the total compound interes t?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 19,270
- 2Rs. 22,580
- 3Rs. 20,560
- 4Rs. 21,480✓
Correct answer
Rs. 21,480
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