Question

Find the compound interest on Rs.25,000 after 2 years compounded annually. The rate of interest being 5% per annum for the first year and 6% per annum during the second year

Answer 1

Hey friend.....

P=25000rs
R=5% for first year
T=1 yr.
CI for first year;
=PRT/100
=25000*1*5/100
=1250rs
Amount=P+I
=25000+1250
=26250rs.
Now, CI for first year will become P for next year.
P=26250rs
R=6%
T=1 yr
CI=PRT/100
=26250*1*6/100
=1575 Rs.
The required Answer =1575 Rs.

Hope it helps you...☺

Answer 2

Answer:

Rupees 2825

Step-by-step explanation: