Question

Calculate the amount due in 2years on ₹1000 , if the rates of compound interest for successive years are 10% and 5% respectively​

Answer 1

Answer:

t=2years

p=1000

r=10.5%

a=(1+r/100)*(1+r/100)

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

10/100=1/10 and 5/100=1/20 then

a=1000*11/10*21*20

cut 10 and 20 with 1000 you will get 5 then 5*21*11=1155