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 anf 6% per annum during the second year
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A=P(1+5/100)(1+6/100)
=6500(105/100)(106/100)
=7234.5
CI=A-P
7234.5-6500
A=Rs734.5
Hope this help you ....
=6500(105/100)(106/100)
=7234.5
CI=A-P
7234.5-6500
A=Rs734.5
Hope this help you ....
ganesh4289:
Fake
Sorry Its CI instead I have written A in answer.
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