Question

"Calculate the amount and interest on 3,000
for two years at successive rates of 5% and
10% compounded annually​

Answer 1

Answer:

Step-by-step explanation:

By using the formula,

A = P (1 + R/100) n

Let us solve

(i) Given, P = Rs 3000, rate = 5%, time = 2years

A = P (1 + R/100) n

= 3000 (1 + 5/100)2

= 3000 (105/100)2

= Rs 3307.5

Compound interest (CI) = A-P = Rs 3307.5 – 3000 = Rs 307.5

Answer 2

Answer:

Answer : 307.5 &  630

Step-by-step explanation:

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