find the amount of rupees 25000 after 2 years compounded annually the rate of interest being 8% per annum during the first year at 9% per annum during the second year
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Step-by-step explanation:
A = P(1+r1/100) (1+r2/100)= 25000( 1+ 8/100)(1+9/100)= 25000 × 108/100 × 109/100= 29430
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