Question

find the amount of 4000 for 2 years compounded annually and the rate being 9% per annum during the first year and 10% per annum during the second year​

Answer 1

I hope it's your answer

Answer 2

Answer:

4796

Step-by-step explanation:

Use formula:-

When interest is annually and run rate of interest be R1% during first year and R2% during second year then

Amount = P{[100+R1]/100}{[100+R2]/100}