Question

calculate the amount and the compound interest on rupees 5000 in 2 years when the rate of the interest for successive years is 6% and 8% respectively​

Answer 1

Amount = P (1+R/100) (1+R/100)

= 5000 (1+6/100)(1+8/100)

= 5000(106/100)(108/100)

= 5724

CI = A-P

= 5724-5000

= 724.

Answer 2

Step-by-step explanation:

REFER TO THE ATTACHMENT ⬆️⬆️