Question

calculate the amount due in 2 yrs on rs 12500, if rate of ci for successive years are 8% and 10 % respectively ​

Answer 1

Answer:

8+10+20(80+81+0¥÷}-#/!

Answer 2

Given:

Calculate the amount due in 2 yrs on rs 12500, if the rate of ci for su c ces sive years is 8% and 10 % respectively ​

To find:

The amount due in 2 yrs

Solution:

We know that the formula for calculating the Amount for su c ces sive years is as follows:

$\boxed{\bold{A = P [1 + \frac{R_1}{100} ][1 + \frac{R_2}{100} ] .\: .\: .\: .}}$

The sum of money, P = Rs. 12500

The rate of interest for su c ces sive years are R₁ = 8% and R₂ = 10%

The no. of years, n = 2 years

Now, on putting the given values of the P, R₁ and R₂, we get

$A = 12500[1 + \frac{8}{100} ][1 + \frac{10}{100} ]$

$\implies A = 12500[ \frac{100 + 8}{100} ][ \frac{100 + 10}{100} ]$

$\implies A = 12500\times [\frac{108}{100} ]\times [\frac{110}{100} ]$

$\implies A = 108 \times 110 \times \frac{12500}{100\times 100}$

$\implies A = 108 \times 110 \times 1.25$

$\implies \bold{A = Rs. \: 14850}$

Thus, the amount due in 2 yrs on rs 12500 ​is → Rs. 14850.

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