Multiple choice

If the rate of interest is 5% for first year, 6% for second year and 8% for third year. Then what is the C.I. on Rs.20000 for 3 years? यदि पहले वर्ष के लिए ब्याज दर 5%, दूसरे वर्ष के लिए 6% और तीसरे वर्ष के लिए 8% है, तो 20000 रु. के लिए 3 वर्षों का चक्रवृद्धि ब्याज कितना है?

  1. 4090.8

  2. 4040.8

  3. 4060.8

  4. 4045.8
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B Correct answer
Explanation

After year 1: 20000 × 1.05 = 21000. After year 2: 21000 × 1.06 = 22260. After year 3: 22260 × 1.08 = 24040.8. CI = 24040.8 - 20000 = 4040.8. The amounts for each year are 1000, 1260, and 1780.8.

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