Find the amount on rs.5000 in 2 years, the rate of interest being 4% per first year and 5% for the second year?
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the amount =5000
rate of interest =4%
therefore, interest of first year=5000*4%
=200
and,
interest of second year=5000*5%
=250
therefore, total interest of 2 year =200+250
=450
therefore, total amount with interest after 2years =(5000+450)=5450
hope it helps you
rate of interest =4%
therefore, interest of first year=5000*4%
=200
and,
interest of second year=5000*5%
=250
therefore, total interest of 2 year =200+250
=450
therefore, total amount with interest after 2years =(5000+450)=5450
hope it helps you
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