Question

calculate the amount and the compound interest on rupees 8000 in 2 years when the rates of interest on successive years are 5% and 8% respectively​

Answer 1

Answer:

30050 is the answer........

Answer 2

SINCE ,

AMOUNT= PRINCIPLE ( 1 + RATE / n) ^ nt

so A = 8000 (1+ 5/2)^ 2x2

so A = 8000 (7/2) ^ 4

so A = 8000 x 2401/16

so A = 500 x2401

so A = 1200500

Hope this helps

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