Question

Find the amount and the compound enterest on 26500for
years, compounded annually, the rate of interest being 5%
per annum during the first year and 6% per annum during the
second year
​

Answer 1

compound enterest on 26500for

years, compounded annually, the rate of interest being 5%

per annum during the first year and 6% per annum during the

second year