Question

find the amount and compound interest on rs.12500 for 2 years at 8%​

Answer 1

Answer:

Hello friend,

your answer is here.

principal(p)=₹12500

rate 1 (r) = 15%

rate 2 = 16%

time = 2years

applying in the formula

A = P (1 + R1/100 × 1 + R2/100 )

= 12500 ( 1 + 15/100 × 1 + 16/100)

= 12500 (1.15 × 1.16 )

= ₹16675.

HOPE THE ANSWER HELPS YOU.