calculate the amount and the compound interest on ₹5000 in 2 years when the rate of interest for successive years is 10%,10%and 14 % respectively
Answers
Answered by
1
amount =principal (1+rate1/100)(1+rate2/100)(1+rate3/100)
A=5000(1+10/100)(1+10/100)(1+14/100)
A=5000(1+1/10)(1+1/10)(1+7/50)
A=5000×11/10×11/10×57/10
A=11×11×57
A=₹6,897
CI=A-P
CI=6,897-5000
CI=₹1,897
A=5000(1+10/100)(1+10/100)(1+14/100)
A=5000(1+1/10)(1+1/10)(1+7/50)
A=5000×11/10×11/10×57/10
A=11×11×57
A=₹6,897
CI=A-P
CI=6,897-5000
CI=₹1,897
Similar questions