1) calculate the amount and the compound interest on :
i) ₹4,600 in 2years when the rates of interest of successive years are 10% and 12% respectively.
ii) ₹16,000 in 3 years ,when the rates of the interest for successive years are 10% 14% and 15% respectively.
Answers
Answered by
1
Step-by-step explanation:
C.I of 4600 for 2 year at rate of interest are 10% and 12%
Amount=4600×(1+
100
10
)(1+
100
12
)
⇒4600×
100
110
×
100
112
⇒5667.20Rs.
C.I.=5667.20−4600=1067.20Rs.
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0
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