Question

find the compound interest on a principal amount 5,000 after 2 years if the rate of interest for the first year is 2% and second year 4%​

Answer 1

Answer:-

SI FOR FIRST YEAR,

S.I= PRT/100

SI=5000*2*1/100

SI=100₹

SI FOR SECOND YEAR,

SI =5000*4*1/100

SI=200₹

CI= 100₹+200₹

=300₹

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