The statement is false. ___ In compound interest, if the interest rates for the first, second, and third years are \(r_1\%\), \(r_2\%\), and \(2r_3\%\) respectively, then the amount after 3 years on a principal of ₹\(P\) will be: \[ P\left(1 + \cfrac{r_1}{100}\right)\left(1 + \cfrac{r_2}{100}\right)\left(1 + \cfrac{2r_3}{100}\right) \]