Answered

Find the value of an article after 2 years,its present value is Rs.30,000 and increases 1st year is 3%, 2nd year is 4% and 3rd year is 5%.

Answer :

kvnmurty
n = 2 years
P = Rs 30, 000
     after 1st year the value increases 3%. it becomes :
   Sum after 1 year = (100% + 3%0 = 103 /100 * 30, 000 = Rs 30, 900

   Sum after 2nd year is increased by 4%.
   so  sum = 104% * Rs 30, 900 = Rs 32, 136
 
sum after 3 years can also be found in the same way by multiplying the above sum by 105/100.

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