Question

Calculate the amount and compound interest on Rs.15000 in 2 years at successive rates 8% and 10% resectivel.

Answer 1

P=15000,
R=8%
N=2years
A=P(1+R/100)raise to N
=1500(1+8/100)raise to 2
=1500×27/25×27/25
A =17496
C,I=A-P
=17496-15000
=2496rupees
Now,here
p=15000
r=10%
n=2 Years
a=p(1+r/100)raise to2
=15000×11/10×11/10
A=18150
c.I=18150-15000
=3150