Question

find the amount and compound interest on rs2500 in 2years if the rates are 5persent and 6persent for the successive years​

Answer 1

Answer:

Step-by-step explanation:

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answer=Compound interest is given by = P(1+  

100

r

​

)  

n

−P

(1) C.I. = 2000(1+0.05)  

2

−2000=2000(0.1025)=Rs.205⇒ amount =2000+205=2205

(2) C.I. = 5000((1+0.08)  

2

−1)=5000×0.166=832⇒Amount =5000+832=5832

(3) C.I = 4000((1+0.075)  

2

−1)=4000×0.156=622.5⇒ Amount =4000+622.5=Rs.4622.5