Question

how much be rupees 25,000 amount in 2 years, at compounde interest, is the rates for the successive years are 4% and 5% per year ​

Answer 1

Given:

• Principal= Rs. 25000
• Rate= 4%
• Time= 2 years

To find :

• Amount

Solution :

$A = P(1 + \frac{r 1}{100} ) \\ = ₹25000 \times(1 + \frac{4}{100} )(1 + \frac{5}{100} ) \\ = ₹25000 \times \frac{104}{100} \times \frac{105}{100} \\ = ₹25000 \times \frac{26}{25} \times \frac{21}{20} \\ = ₹27300 \\ \sf \bold\purple{Required \: Amount }\\ \mathcal \pink{ = ₹27300}$