Question

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

Answer 1

Answer:

see below

Step-by-step explanation:

Calculate the amount and the compound interest on Rs 5000 in 2 years when the rate for interest for successive years is 6% and 8% respectively. Calculate the amount and the compound interest on Rs5000 in 2 years when the rate for interest for successive years is 6% and 8% respectively. The interest of 2nd year is the required compound interest.