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If principal =Rs. p and rate of compound...

If principal `=Rs. p` and rate of compound interest per annum for first, 2nd and 3rd year are `r_(1)%, r_(2)%` and `r_(3)%` respectively, then find total amount for first year.

Text Solution

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Interest for 1 year `=Rs. (pxxr_(1)xx1)/100=Rs. (pr_(1))/100`
Hence amount for first year `=Rs. p+Rs. (pr_(1))/100=p(1+(r_(1))/100)`
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