Question

In what time Rs. 6500 amount to Rs. 6825 at the rate of 6 p.c.p.a

Answer 1

Answer:

a=p(1+

100

r

)

t

Principle = 6500.

Time = 2 years.

Rate = 5 percent and 6 percent.

a= 6500(1 + \frac{5}{100}) \times (1 + \frac{6}{100})a=6500(1+

100

5

)×(1+

100

6

)

a= 6500 \times \frac{21}{20} \times \frac{53}{50}a=6500×

20

21

×

50

53

Amount = 7234.5

Now, CI = 7234.5 - 6500

CI = 734.5