Question

find the amount of 12500 year compounded annually the rate of interest being 15% for the first year and 16% for the second year pls give the answer (class 8 rd Sharma chapter14)

Answer 1

Answer:

Refer to the image attached.

Answer 2

$\huge{ \mathfrak{ \purple{✿Solution!!}}}$

$\sf{ \blue{In \: the \: above \: Question, }}$

$\sf{P = Rs.12500}$

$\sf{ R(1) = 15\% \: and \: R(2) = 16\%}$

$\mathcal{ \blue{A =P (1 + \frac{R(1)}{100} )(1 + \frac{R(2)}{100} )(1 + \frac{R(3)}{100} )...}}[/$

$\sf{ = > 12500(1 + \frac{15}{100} )(1 + \frac{16}{100} )}$

$\sf{ = > 12500( \frac{100 + 15}{100} )( \frac{100 + 16}{100} )}$

$\sf{ = > 12500(1.15)(1.16) = 16675}$

$\sf{ \green{Hence \: the \: answer \: is \: Rs.16675}}$

✤Hope this helps you! ✌