find the CI on rs 2,000 for 2 years if the rate is 10% for the first year and 12 % for the second year
Answers
Answered by
2
Answer:205
Step-by-step explanation:
For the first year, P=Rs.2000,R=5%
so, I =
100
P×R×T
=
100
Rs.2100×5×1
=Rs.105
The amount after the second year =Rs.2100+Rs.105
=Rs.2205
Final amount =Rs.2205
Hence, Compound Interest = final amount - original amount
=Rs.2205−Rs.2000=Rs.205
Answered by
0
Answer:
1st year = 400
2nd year = 480
Step-by-step explanation:
1st year :
CI = P*R*T/100
= 2000*2*10/100
= 400
2nd year :
= 2000*2*12/100
= 480
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