Question

find the amount of 24000 for 2 years compounded annually and the rate of interest being 9% per annum during the first year and 10% per annum during the second year​

Answer 1

Answer:

515224 I think this is a answer

Answer 2

Step-by-step explanation:

Given that

The total amount is =24000

Time taken for interest =2 years

Interest for first annum is= 9%

And for second annum is=10%

during first annum=24000/100×9=2160

then in second annum=24000/100×10=2400

Total interest =2160+2400 =4560

The total amount = 24000+4560= 28560