find the amount and the compound interst on 2000rs in 2 years.If the rate is 4% for the first year and 3% for the second year.
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Given, P= Rs. 2000, r1 =4% p.a. for 1st year, r2 =3% p.a. for 2nd year
∴A=P(1+100r1)(1+100r2)
=2000(1+1004)(1+1003)
= Rs. (2000×2526×100103)= Rs. 2142.40
∴ C.I. = Rs. 2142.40− Rs. 2000= Rs. 142.40
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