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CA Foundation doubt

A sum was invested for 3 years as per compound interest and the rate of interest for year 9%, second year is 6% and third year is 3%p.a respectively.find the sum if the amount in the three years is 55

Asked by Anayata8 Jul 2024510 views

4 answers

  1. Rakesh · 8 Jul 2024

    Amount =P[1+r/100]^n 550=P[1+9/100] [1+6/100] [1+3/100] 550=P[(1.09) (1.06) (1.03)] 550=P[1.190062] 550/1.190062=P 462.1607=P

  2. Anayata · 8 Jul 2024

    But how needs a complete solution

  3. Anjali · 8 Jul 2024

    462.10

  4. Hardik · 8 Jul 2024

    462.10

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