Question

ram buys a fridge for 4000 on credit the rate of intrest for the 1st year is 5% and that of 2nd year is 15%.how much will it cost him if he pay's the amount after 2 years.C COMPOUND INTREST

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Answer 1

Answer:

4830

Step-by-step explanation:

4000*1.05=4200

because its compound interest you add up the previous number you got so

4200*1.15=4830

its 1.05 and 1.15 because your adding 5% and 15% to a 100% so 1.05 and 1.15

hope it helps