# What will be the Amount? If

What will be the amount of Rs. 1500 after 3 years if the rate of compound interest per annum is 3% 4 % and 5% for the first, second and third year respectively?

- Rs. 1780.14
- Rs. 1880.40
- Rs. 1687.14
- Rs. 1785.60

**Answer: (3) 1687.14**

**Explanation:-**

**Given-**

Principal = Rs.1500, Time = 3 years, Rate of first , second & third year are 3 %, 4 % & 5 %.

Amount after first year = 1500 x 1 x 3 /100 + 1500

= 45 + 1500

= Rs.1545

Amount after two year = 1545 x 4 x 1/100 + 1545

= 1545 + 61.80

= Rs.1606.80

Amount after three year = 1606.80 x 5 x 1/100 + 1606.80

= 80.34 + 1606.80

= Rs.1687.14

Hence, the answer is (3) 1687.14