Question

calculate the amount and compound interest on rupees 5000 in 2 years .if the rate of interest for the sucessive year be 8% and 10% respectively
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Answer 1

Answer:

As we know the formula for amount for two given rates is = P(1+R1/100)(1+R2/100)

So, Amount= 5000×(1+10/100)(1+12/100)

=5000×110/100×112/100

=₹6160

Compound Interest= Amount - Principal

=₹6160-₹5000

=₹1160

Answer 2

answer is in attachment