Question

Find the compound interest of Rs. 8000 at the rate of 122% per anum for two years. ​

Answer 1

Answer:

Principal = Rs. 8000

Time = 2 years

Rate = 5% for 1st year and 10% for 2nd year

C.I = A – P = 9240 – 8000 = Rs. 1240

∴ Rs. 1240 is the compound interest earned.

Answer 2

Answer:

Principal = Rs. 8000

Time = 2 years

Rate = 5% for 1st year and 10% for 2nd year

C.I = A – P = 9240 – 8000 = Rs. 1240

∴ Rs. 1240 is the compound interest earned.

Step-by-step explanation:

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