If the rate of interest be 4% per annum for first year, 5% per annum foe second

Question

If the rate of interest be 4% per annum for first year, 5% per annum foe second year and 6% per annum for third year, then the compound interest of Rs.10000 for three years will be ?

Options:

A . Rs. 1575.20

B . Rs. 1600

C . Rs. 1625.80

D . Rs. 2000

Answer: Option A

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