Varun started a business with an initial investment of Rs. 300000. In the first first year, he incurred a loss of 3%. So he invested the remaining amount in the bank at 4% per annum for the second year and at 5% per annum for the third year under compound interest compounded annually. Find the amount.

Explanation

(a) Use formula for amount at different rates
(b) Find loss, let the remaining amount be Rs. P
(c ) Use `A=P(1+(R_(1))/(100))(1+(R_(2))/(100))`