how much will Rs. 12000 amount to in 2 years at compound interest ,if the rate of interest for the successive years being 10% and 11% respectively
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Answered by
52
Answer:
Rs. 14652
Step-by-step explanation:
For the first year:--
P=12000
R=10%
T=1
I=(P*R*T)/100
=(12000*10*1)/100
=1200.
Amt= P+I
=12000+1200
=13200.
For the next year:--
The amount of year1 will now be the principal amount.
P'=13200
R'=11%
T'=1
I=(13200*11*1)/100
=1452
Amt'=P'+I'
=13200+1452
= 14652.
This is the final amount too.
Answered by
20
Answer:Amount=14652
Step-by-step explanation:
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