Question

calculate the amount due in 2 years on 1000, if the rate compound interest for successive years are 10% and 5% respectively.​

Answer 1

Answer:

1155

Step-by-step explanation:

t=2years

p=1000

r%=10%.5%

A=p*(1+r\100)*(1+r/100)

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

10÷100=1\10..5÷100=1/20.Then,

A=1000*11/10*21*20

cut 10&20 with 1000you will get.

5then,5*21*11=1155

Answer 2

The amount due in 2 years would be Rs. 1155.

Step-by-step explanation:

Since we have given that

Principal = Rs. 1000

Rate of interest = 10% and 5%

Time = 2 years

So, it becomes,

$Amount=P(1+\dfrac{r_1}{100})(1+\dfrac{r_2}{100})\\\\Amount=1000(1+\dfrac{10}{100})(1+\dfrac{5}{100})\\\\Amount=1000(1+0.1)(1+0.05)\\\\Amount=1000\times 1.1\times 1.05\\\\Amount=1155$

Hence, the amount due in 2 years would be Rs. 1155.

# learn more:

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

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