how much will rs. 25000 amount to in 2 years at compound interest, if the rates for the successive years be 4 and 5 per cent per year?
Answers
Answered by
9
a=(1+r/100)n
25000(1+5/100)2
25000*105/100*105/100
25000*21/20*21/20
=27562.5
ci=a-p
27562.5-25000
=2562.5
answer=CI=2562.5
25000(1+5/100)2
25000*105/100*105/100
25000*21/20*21/20
=27562.5
ci=a-p
27562.5-25000
=2562.5
answer=CI=2562.5
Answered by
1
Answer:
27300 this will be amount
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