Question

mukeah buy an air conditioner for ₹4000 on credit tje rate of interest for the first year is 5% and for the secondyear is 15% .how much will it cost him if he pays the amount after two years

Answer 1

Answer:

Step-by-step explanation:

FOR 1 YEAR AT RATE 5%

SI=(PRT)/100

SI=(4000*5*1)/100

SI=200

A=SI+PRINCIPLE

A=200+4000

A=4200

FOR SECOND YEAR AT RATE 15%

SI=(PRT)/100

SI=(4000*15*1)/100

SI=600

A=SI+PRINCIPLE

A=200+600+4000

A=4800

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