A sum of Rs. 15,000 was lent for 3 years at the rate of 4%, 5%, 6% per annum, respectively, at compound interest for the first year, second year and third year compound annually. Find the compound interest for 3 years.

Correct option is C

Amount = Principal $$(1+ \frac{R}{100})^t$$

Amount = $$15000 × \frac{104}{100} × \frac{105}{100} × \frac{106}{100} = 17362.8$$

Compound Interest = 17362.8 -15000 = 2362.8