Question

A person invests Rs 12500 for 2 years at 8% p.a. compound interest; Calculate

i) The interest for the first year

ii) The amount at the end of the first year

iii) The interest for the secomd year.

iv) The amount due at the end of the second year

v) The compound interest earned in 2 years​

Answer 1

Step-by-step explanation:

Given, P= Rs. 12500,R1 =15%,R2 =16%

A=p(1+100R1)(1+100R2)

A=12500×(1+10015)×(1×10016)

=12500×200115×100116

= Rs. 16,675