At what rate % of the C.l. will':
Yo Rs. 1600 amount to Rs. 2500 in 2 years ?
Answers
Answered by
3
Step-by-step explanation:
pls I have given you approximately formula so that you go through it and please follow me.
PLEASE like my all answers
Mark me brainliest
1 st year
Principal, P=Rs.5000
Time, T=1 year
Rate of interest ,R=6%
∴simple Interest, SI= 100/PTR=
100/5000×10×6=Rs.300
∴Amount=P+SI=Rs.5300
2nd year
Principal = Amount of 1st year=Rs.5300
Rate of interest =8%
Time =1 year
∴ Interest = 100/5300×1×8 =Rs.424
∴ Amount =Rs.(5300+424)=Rs.5724
The interest of 2nd year is the required compound interest. So, C.I=rs.424 and the required amount is Rs.5724
Similar questions