Question

If the rate of compound interest for first and second year are 5percent and 6 percent respectively, let us calculate the compound interest on Rs 5000 for 2 years



plzzz answer this fast

Answer 1

For first year,
5000*5*1/100
= Rs 250
AMOUNT = 5000 + 250 = RS. 5250

For second year,
5250*6*1/100
= Rs 315
Amount = 5250+315 = 5565
C.I = 5565-5000 = Rs 565

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Answer 2

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ans.if does plz Mark it as brainlist