Question

calculate the amount amd the compound interest on rs.4000 in 2years, if the rates of interest for the successive years are 8% and 10% respectively​

Answer 1

354.247 is the correct answer..................

Answer 2

$\textbf{\huge{ANSWER}}$

Given ;-
• Principal = ₹4000
• Time = 2 years.
• Rate = 8% & 10% respectively ( compound annually )

We know that ;-
• Amount = P ( 1 + R / 100 )n

So ,

$= > 4000(1 + \frac{8}{100} + \frac{10}{100} )$

$= > 4000 \times \frac{108}{100} + \frac{110}{100}$

Amount => ₹4752

Now ,
• Compound Interest = Amount - Principal.

Compound Interest = ₹(4752 - 4000)
=> ₹752