RATE of interest is 3% for the second year,Rate of interest is 2% for the third year.Concept Used:SI = (P × N × R)/100,Where,P is principle,SI is simple interest,N is total number of years,R is rateCalculation:Amount = PRINCIPAL × (1 + r1/100) × (1 + r2/100) × (1 + r3/100)⇒ Amount = 5000 × (1 + 4/100) × (1 + 3/100) × (1 + 2/100) = 5463.12∴ Jatin will get Rs. 5463.12 after 3 years.

"> RATE of interest is 3% for the second year,Rate of interest is 2% for the third year.Concept Used:SI = (P × N × R)/100,Where,P is principle,SI is simple interest,N is total number of years,R is rateCalculation:Amount = PRINCIPAL × (1 + r1/100) × (1 + r2/100) × (1 + r3/100)⇒ Amount = 5000 × (1 + 4/100) × (1 + 3/100) × (1 + 2/100) = 5463.12∴ Jatin will get Rs. 5463.12 after 3 years.

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What amount will Jatin get at the end of 3 years if he has invested Rs. 5000 and the rate of interest is 4% for the first year, 3% for the second year and 2% for the third year?

General Knowledge General Awareness in General Knowledge 9 months ago

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Given:Principle is Rs. 5,000Rate of interest is 4% for the first year,RATE of interest is 3% for the second year,Rate of interest is 2% for the third year.Concept Used:SI = (P × N × R)/100,Where,P is principle,SI is simple interest,N is total number of years,R is rateCalculation:Amount = PRINCIPAL × (1 + r1/100) × (1 + r2/100) × (1 + r3/100)⇒ Amount = 5000 × (1 + 4/100) × (1 + 3/100) × (1 + 2/100) = 5463.12∴ Jatin will get Rs. 5463.12 after 3 years.

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Posted on 13 Nov 2024, this text provides information on General Knowledge related to General Awareness in General Knowledge. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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