Question

An amount of 10000 is taken as loan by ajmal at compound interest charging 8% p.A. For 1st year and 9% p.A. For the 2nd year. How much is the total to be paid by ajmal after 2 years?

Answer 1

your answer is given below.

$amount \: = 10000 \times (1 + 8 \div 100) \times (1 + 9 \div 100) \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: = 10000 \: \times 1.08 \times 1.09 \: \: \: = 11772rs$

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