Find the Compound Interest on Rs 30 000 if the rate of interest for first year is 5 second year is 1...........

Explanation:

1^st year 5%=1/20————20———21
2^nd year 10% =1/10———10———11
3^rd year 20% =1/5———–5———-6
——————————–=1000——1386
(1386-1000)/1000*200=38.6%
38.6% of 30000=11580

Hence, option 1 is the correct answer.