Calculate The Amount and Compound Interest on Rs.25000 for 2 years at 4% per annum
Answers
Answered by
1
Answer:
What will Rs 25000 amounts to in two years at Compound Interest if the rates for successive years be 4 % and 5 % per year. A=P⋅(1+R1100)N1⋅(1+R2100)N2... =27300.
Answered by
0
Answer:
Here P=25000,R1=4 % for 1st year and R2=5 % for 2nd year, N1=1,N2=1
For Successvie rates
A=P⋅(1+
R1
100
)N1⋅(1+
R2
100
)N2...
A=25000⋅(1+
4
100
)⋅(1+
5
100
)
=25000⋅(
104
100
)⋅(
105
100
)
=27300.
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