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Find the compound interest on Rs 50,000 ...

Find the compound interest on Rs 50,000 for 3 years, compounded annually, and the rate of interest being `10%, 12%` and `15%` for the three successive years, respectively.

A

20840

B

70840

C

60720

D

67560

Text Solution

Verified by Experts

The correct Answer is:
A
(i) Use formula for amount at different rates.
(ii) `C.I. =P[(1+(R_(1))/(100))(1+(R_(2))/(100))(1+(R_(3))/(100))-1]`
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