State True or False: In the compound interest if the rate of interest in the first three years is r1,%, r2%, 2r3% respectively, then the amount for the principal P at the end of three years is P \big(1+ \frac{ r_{1} }{100}) \big(1+ \frac{ r_{2} }{100}) \big(1+ \frac{ r_{3}}{100})
WBBSE
Class X
Mathematics
Compound Interest
01 Mark
2023
True
Explanation
In the compound interest if the rate of interest in the first three years is r1,%, r2%, 2r3% respectively, then the amount for the principal P at the end of three years is P \big(1+ \frac{ r_{1} }{100}) \big(1+ \frac{ r_{2} }{100}) \big(1+ \frac{ r_{3}}{100})
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