Find the compound interest on 25000 after 2 years compounded annually. The rate of interest
being 5% per annum for the first year and 6% per annum, R2 = 6% per annum, Time = 2 years.
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Answered by
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Answer:
Principle=25000
Time=2year
Rate 1= 5percent
R2= 6%
Interest of one year
p*r*t/100
25000*5*1/100=250*5
=750
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