find the amount and compound interest on 2000 in 2 years of the rate is 4% for the first year and 3% for the second year
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2142.4 because
p=2000
t=2 years
r. I. for first year =4%
r. I. for second year =3%
so, 2000(1+4/100)(1+3/100)
=2000(104/100)(103/100)
=[(104)(103)]/5
=2142.4
p=2000
t=2 years
r. I. for first year =4%
r. I. for second year =3%
so, 2000(1+4/100)(1+3/100)
=2000(104/100)(103/100)
=[(104)(103)]/5
=2142.4
jagannath12:
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