Question

find the compound interest on 6000 for 1 year if the rate of interested for the first and second year at 5% and 10% per annum respectively​

Answer 1

Answer:

A=p(1+r/100)(1+r/100)

A=600(1+5/100)(1+10/100)

A=600*21/20*11/10

A=693

C. I=A-p

693-600=93

Answer 2

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