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 at 6% per annum during the second year

Answer 1

$\underline{\underline{\Huge\mathfrak{Answer ;}}}$

$<b>$Dear ,

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Given ;-
• Principal = ₹6,500
• Time = 2 years
• Rate = 5% and 6% for 1st and 2nd Year Respectively a.p.

Now,
We know that ;-

Amount = P ( 1 + R/100) n

So ,

$= > 6500 (1 + \frac{5}{100} \times \frac{6}{ 100} )$

$= > 6500 \times \frac{105}{100} \times \frac{106}{100}$

$= > 7234.5$

Amount = ₹7,234.5

Now ,
Finding Compound Interest ;-

We know that ;-

CI = A - P

So,

$= > 7234.5 - 6500$

$= > 734.5$

Compound Interest = ₹734.5

Hence ,
• Amount = ₹7,234.5
• Compound Interest = ₹734.5

- Regards
@ItsDmohit ( Brainly Warrior )