Question

Calculate the amount and the compound interest on rupees 4,600 in 2 years when the rate of interest of successive years are 10% and 12% respectively ?​

Answer 1

Answer:

C.I of 4600 for 2 year at rate of interest are 10% and 12%

Amount=4600×(1+ 10/100)(1+12/100)

=4600 × 110/100 × 112/100

= Rs. 5667.20

C.I. = 5667.20 - 4600

= Rs. 1067.20

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Answer 2

Answer:

Amount=4600×(1+ 10/100)(1+12/100)

=4600 x 110/100 x 112/100

= Rs. 5667.20

C.I.=5667.20 - 4600

= Rs. 1067.20

THIS IS RIGHT ANSWER