find the amount and compound interest on ₹6500 for 2 years compounded annually the rate of interest being 5% per annum during the first year and 6%during the second year
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Let 1st year is denoted by r and 2nd year br R
Amount =p(1+r/100)(1+R/100)
=₹6500(1+5/100)(1+6/100)
=₹6500×105/100×106×100
=₹7234.5
Interest =₹(7234.5-6500)
=₹734.5
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Amount =p(1+r/100)(1+R/100)
=₹6500(1+5/100)(1+6/100)
=₹6500×105/100×106×100
=₹7234.5
Interest =₹(7234.5-6500)
=₹734.5
Hope this will satisfy u plzz mark this as brainlist and if u want more answers from me then u can also follow me
MohammadAdil:
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