Question

How much will rupees 25000 amount to in 2 years at compound interest, if the rates for the successive years be 4 and 5 percent per year?

Answer 1

Answer:

Step-by-step explanation:

Problem: If 20000 is given as loan for a period of 3 years with the interest rates 5%, 7% and 9% for the 1st, 2nd and 3rd year respectively. ... First, we need to find the percentage of Compound Interest for the consecutive 3 years by ... Module 4: Difference between Simple Interest and Compound Interest.