Question

Find the amount on Rs. 18,750 in 2 years, the rate
of interest being 4% for the first year and 8% for
the second year.​

Answer 1

Answer:

Total amount= 19500+20250

= Rs. 39750

Step-by-step explanation:

A=P(1+R/100)^T

Amount for first year:

18750*[1+(4/100)]^1

18750*(26/25)

750*26 (18750 and 25 cancelled)

A=19,500

Amount for second year:

18750*[1+(8/100)]^1

18750*(27/25)

750*27

A=20,250

Hopefully it will help....

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