Math, asked by sofiya1329, 3 months ago

find the amount and compound intrest on 6500rs for 2 years,compounded annually,the rate of intrest during the first year and 6% per annum during the second year

Answers

Answered by bindusofia1974
1

Answer:

a=p(1+

100

r

)

t

Principle = 6500.

Time = 2 years.

Rate = 5 percent and 6 percent.

a= 6500(1 + \frac{5}{100}) \times (1 + \frac{6}{100})a=6500(1+

100

5

)×(1+

100

6

)

a= 6500 \times \frac{21}{20} \times \frac{53}{50}a=6500×

20

21

×

50

53

Amount = 7234.5

Now, CI = 7234.5 - 6500

CI = 734.5

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