Question

how much will 4000rupees amount to in 2 years at CI . if the rate of the successive years be 5% and 8% respectively.​

Answer 1

Answer:

1st year, Amount become,

$4000 \times (1 + \frac{5}{100} ) = 4000 \times \frac{21}{20} = 4200$

2nd year, it become

$4200 \times (1 + \frac{8}{100} ) = 4200 \times \frac{27}{25} = 4536$

so after 2 year, it become ₹ 4536