calculate the amount and the compound interest on 7500 for 2 years the rate of interest being 10 %for the first year and 12 %for the second year
Answers
Answered by
2
Answer:
849
Step-by-step explanation:
P=7500
R=10%p.a.
T=1 year
S.I.=P*R*T/100=7500*10*1/100
S.I.=750
A=P+S.I.=7500+750=8250
P=8250
R=12%p.a.
T=1 year
S.I.=P*R*T/100=8250*12*1/100
S.I.=99
A=P+S.I.=8250+99=8349
C.I.=A-P=8349-7500=849
Hope it helps you
Similar questions