find the amount and the compound interest on 2000 in 2 years if the rate is 4% for the first year and 3% for the second year with understanding handwriting
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Step-by-step explanation:
Given, P= Rs. 2000, r
1
=4% p.a. for 1
st
year, r
2
=3% p.a. for 2
nd
year
∴A=P(1+
100
r
1
)(1+
100
r
2
)
=2000(1+
100
4
)(1+ 100 3 )
= Rs. (2000× 2526 × 100103)=
Rs. 2142.40
∴ C.I. = Rs. 2142.40− Rs. 2000= Rs. 142.40
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