Question

7. What principal will amount to 9,856 in two
years, if the rates of interest for successive
years are 10% and 12% respectively ?​

Answer 1

Answer:

amount=9,856

time=2 years

rate=10%

9,856=p×110×110×110÷100×100×100

9,856= 1331×p÷1000

p=1331×9,856÷1000

p= 1639792÷125