how much will 25000 amount to in 2 years at compound interest if the rate for the successive years be 4 and 5 per cent per year?
Answers
Answered by
79
Heyyyyyyyy!!!!!!!
Answer Of Your Question☺️:-
1)
P=25000
r=4%
t=2
so,a according to the formula,
25000(4/100)^1
→25000×4/100
→1000
if r=5%
then,next year,
26000(5/100)^2 [in one year 1000 already increased]
→26000×5/100
→1300
So ,, whole increase
=(1000+1300)
=2300
Hope It Helps.
Answer Of Your Question☺️:-
1)
P=25000
r=4%
t=2
so,a according to the formula,
25000(4/100)^1
→25000×4/100
→1000
if r=5%
then,next year,
26000(5/100)^2 [in one year 1000 already increased]
→26000×5/100
→1300
So ,, whole increase
=(1000+1300)
=2300
Hope It Helps.
Answered by
39
Step-by-step explanation:
Principal Amt.=Rs. 25000
Time = 2 years
R1 = 4 %, R2 = 5 % Annually
4
So amount will be Rs. 27300 after 2 years
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