Question

how much will ₹25,000 amount to in 2 years, at compound instrest, if the rate for the successive years are 4% and 5% per year?​

Answer 1

25,000 in 2 years at annual compound interest, if the rates for the successive years be 4% and 5% per annum respectively is: (1) Rs. 30,000 (2) Rs. 26,800 fa) Rs

Answer 2

Answer:

27050

Step-by-step explanation:

In first year, it becomes

1) Interest in 1st year =

ptr/100 = 25000*1*4/100 = 1000

Sum=25000+1000 = 26000

2) Interest in 2nd year =

ptr/100 = 26000*1*5/100 = 1050

sum=26000+1050 = 27050

So, It becomes 27050 rupees

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