find c.i on Rupees 25000 after 2 years compounded annually. The rate of interest being 5%per annum for the first year 6%for second year.
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Answer:
Compound Interest = Rs. 2825
Step-by-step explanation:
We have,
Principal = Rs. 25000
Time = 2 years
Rate of interest in 1st year and 2nd year respectively = 5 % p.a and 6 % p.a
Now,
CI = A-P
A = P (1+R1/100)(1+R2/100)
A = 25000 * (1+5/100) (1+6/100)
A.= 25000 * 21/20 * 53/50
A = 25*21*53
A = Rs. 27,825
CI = 27825 - 25000
CI = Rs. 2825
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