Question

calculate the amount due in 2 year on 1000 rupees if the rate of compound interest for successive years at 10% and 5% respectively​

Answer 1

Answer:

1155 RS

Step-by-step explanation:

A = P( 1 + r1/100)(1 + r2/100)(1 + r3/100) .. i a formulae to be used

A= 1000(1+10/100)(1+5/100)

    =1000(110/100)(105/100)

       1000(11/10)(21/20)

       =1155 RS