Question

A sum of Rs 10,000 is borrowed at a rate of interest 10% p.a. for 1st year and 5% p.a. for 2nd

year compounded annually. Find amount at the end of 2 years and total interest paid.​

Answer 1

Step-by-step explanation:

The simple interest to the sum Rs. 10,000 for 2 years at a rate of interest 15% per annum is

100

10,000×2×15

=3,000.

So the interest will be Rs. 3,000 at the end of 2 years.

And the amount will be 10,000+3,000=13.000 at the end of 2 years.

Answer 2

ans :The simple interest to the sum Rs. 10,000 for 2 years at a rate of interest 15% per annum is

100

10,000×2×15

=3,000.

So the interest will be Rs. 3,000 at the end of 2 years.

And the amount will be 10,000+3,000=13.000 at the end of 2 years.

THE QUESTION IS WRONG