Question

Find the amount due on rs. 8000in 2years if the rate of interest is 10% for the first year and 12% for the second year.

Answer 1

Answer:

A=8000(1+10/100)(1+12/100)

A=8000*11/10*28/25

A=32*11*28

A=9856

The amount is ₹9856

Answer 2

Answer: Amount = Rs. 9856

Step-by-step explanation:

Given,

Principal = 8000

Time = 2 years

Rate for 1st year = 10%

Rate for 2 nd Year = 12 %

∴ Amount = P($1 + \frac{r_{1} }{100}$)($1 + \frac{r_{2} }{100}$)

                 = $8000 * (1 + \frac{10}{100} ) (1 + \frac{12}{100} )$

                 = 8000 * $\frac{11}{10} * \frac{112}{100}$

                = 9856

∴ Amount = Rs. 9856