Find the amount on Rs 8000 for 3 years if the rate of interest is 8% p.a. for the first year, 10% p.a for the second year and 12% p.a for the third year.

Rs 10464.84

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs 10644.48

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Rs 11464

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs 10,000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Rs 10644.48

Suggest Corrections

Similar questions

Q. Find the amount and the compound interest on Rs.18750 after 3 years, compounded annually, the rates of interest being 8% p.a 10% p.a and 12% p.a during the first year, second year and third year respectively.

Q. Calculate the amount, if Rs. 15,000 is lent at compound interest for 2 years and the rates for the successive years are 8% p.a. and 10% p.a. respectively.

Calculate the amount, if Rs. 15,000 is lent at convound interest for 2 years and the rates for the successive years are 8% p.a. and 10% p.a. respectively.

Q. The rate of simple interest on a sum of money is 6% p.a. for the first 3 years, 8% p.a. for the next 5 years and 10% p.a. for the period beyond 8 years. If the simple interest accrued by the sum for a total period of 10 years is Rs. 1560, what is the sum?

Calculate the compound interest for second year on Rs.8,000 invested for 3 years at 10% p.a.

Join BYJU'S Learning Program

Find the amount on Rs 8000 for 3 years if the rate of interest is 8% p.a. for the first year, 10% p.a for the second year and 12% p.a for the third year.

The correct option is B Rs 10644.48

The correct option is B
Rs 10644.48