Calculate the amount on ₹20,000 for 2 years when rates of interest for successive years are 6% and 8% respectively.
Answers
Answered by
1
Answer:
asdfgjklmmnvxzzs ......
Step-by-step explanation:
....../...................
Answered by
1
Answer:
We have P = Rs. 20,000, R
1
= 2% and R
2
= 3% and n = 2 years.
Here, we can find the amount directly using the formula,
A=P(1+
100
R
1
)(1+
100
R
2
)
Thus,
A=20,000(1+
100
2
)(1+
100
3
)=20,000(1.02)(1.03)=21,012.
Hence the amount after 2 years is Rs.21,012
Step-by-step explanation:
thank you
Similar questions