how much in Rupees £8,000 in 2 years if the rate of interest for successive years at 10% and 15% respectively
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A=p (1+r/100)(1+r/100)
8000= p (1+10/100) (1+15/100)
8000 =p(11/10) (23/20)
P=8000 (11/10)(23/20)
P=₹6328
CI=A-P
CI=8000 - 6328
CI=₹1672
8000= p (1+10/100) (1+15/100)
8000 =p(11/10) (23/20)
P=8000 (11/10)(23/20)
P=₹6328
CI=A-P
CI=8000 - 6328
CI=₹1672
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