Question

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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Answer 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