Q4. Find the amount on Rs 2500 For 2 years compounded annually the rate of
interest being 6% during first year and 8% during second year
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Principal = 2500
Time = 2 years
Rate for first year = 6%
A = p(1+r)^t
= 2500* (1 + 6/100) ^t * ( 1+ 8/100 )^t ( because we have two different rates )
= 2500 * 106/100 * 108/100
= 2862
C.I = A - P
= 2862 - 2500
= 362
Hence, the C.I is rupees 362 and the amount is Rs 2862.
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