Multiple choice

Anurag invests Rs. 9525 in a bond which gives interest at 3% per annum during the first year, 5% during the second year and 8% during the third year. How much amount does he get at the end of the third year. अनुराग 9525 रू. ऐसे बांड में निवेश करता है जो पहले वर्ष 3% प्रतिवर्ष की दर से, दूसरे वर्ष 5% प्रतिवर्ष की दर से और तीसरे वर्ष 8% प्रतिवर्ष की दर से ब्याज देते हैं। तीसरे वर्ष के अंत में उसे कितनी धनराशि मिलेगी?

  1. Rs. 11125.40

  2. Rs. 11050.60

  3. Rs. 12060.50

  4. Rs. 13025.40

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A Correct answer
Explanation

Apply compound interest sequentially: After year 1 at 3%: 9525 × 1.03 = 9810.75. After year 2 at 5%: 9810.75 × 1.05 = 10301.29. After year 3 at 8%: 10301.29 × 1.08 = 11125.40. Each year's interest is calculated on the accumulated amount.