Find amount, if a sum of Rs.60000 is compounded annually for 2 years. The rates of interest of 2 years are 5% and 8% pa, respectively
Answers
Answered by
1
Step-by-step explanation:
Let Principal amount P=60,000
Time period t=2
rate of interest r=
100
8
=0.08
Total amount =P(1+r)
t
=60000(1+0.08)
2
=69,984
Answered by
1
Answer:
69984
Step-by-step explanation:
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