Question

Find the C.I for principal = rs 4000 , r = 4% , p. a n = 2 years ,interest compounded annually.​

Answer 1

Answer:

Principal = (P) = ₹4,000

Time (t) = 2 years

Rate (R1) = 10% and rate (R2) = 15%

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

= ₹ 4,000 (1 + (10/100)) (1 + (15/100))

= ₹ 4,000 × 11/10 × 23/20 = ₹5060

C.I. = Amount – Principal

= ₹5060 - ₹4000 = ₹1060