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Q: If the rate of interest is 4% for the first year, 5% for the second years and 6% for the third year. then compound interest on `10000 for 3 years, if interest is compounded annually?
  • A. ` 1,570.50
  • B. ` 1,575.20
  • C. ` 1,580.25
  • D. ` 1,500.00
Correct Answer: Option B -
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Explanations:

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