Find the amount and the compound interest on 6500 for 2 years, compounded annually,
the rate of interest being 5% per annum during the first year and 6% per annum during the
second year.
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Answers
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1
Answer:
7239.5 ₹
Step-by-step explanation:
6500(1+5/100)*(1+6/100)
6500*105/100*106/100
6500*21/20*53/50
14469/2
₹7239.5
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