Compound interest with variable rates

CMAT 2020 · QTDI · Easy · Simple & Compound Interest

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25,000/- is borrowed at compound interest at the rate of 3% for first year, 4% for 2nd year and 5% for 3rd year. Find the amount to be paid after 3 years.

  1. A.

    28,117/-

  2. B.

    28,118/-

  3. C.

    28,120/-

  4. D.

    28,119/-

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