Question

find the amount of ₹ 8000 for 2 years compounded annually and the rates being for 9 % per annum during the first year and 10 % per annum during the second year​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

Rs 9592

Step-by-step explanation:

P = RS 8000

R1= 9% pa

R2=10% pa

T = 2 years

A = P(1+R1/100)(1+R2/100)

= 8000(1+9/100)(1+10/100)

= 8000×109/100×11/10

= 8×109×11

= RS 9592.