The amount and compound interest on Rs..18750 after 3 years, compounded annually, the rates of interest being p.a. p.a. and . . during the first year, second year and third year respectively is Rs..[[1]].

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Detailed Solution

Concept: [16]The amount at the end of the first year

Interest

First year

= Rs. 1,500
Amount for second year

= Rs. 22,275 .
Interest for second year

Amount for third year

Interest for third year

= Rs. 2,673 .
Hence, the correct answer is " Rs. 1,500 are Rs. 22,275 and Rs. 2,673".

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