Ayush invests rupees 15,000 for 2 years at a certain rate of interest compounder anually. at the end of 1 year it amounts to 16,200, calculate:
i) the rate of interest.
ii) the amount at the end of second year.
HELPPPP
Answers
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Step-by-step explanation:
A=P(1+
100
r
1
)×(1+
100
r
2
)
=15000(1+
100
8
)×(1+
100
10
)
=Rs17820
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