Question:medium

₹ 45000 is deposited at compound interest for 4 years. The rates are 6% (1st year), then increase by 1% each year (so 7%, 8%, 9%). Find the approximate amount at the end of 4 years.

Show Hint

For varying yearly rates, multiply sequential growth factors $(1+r_i)$; rounding the final factor gives a quick estimate.
Updated On: Nov 25, 2025
  • 60000
  • 70000
  • 80000
  • 90000