Question

Suman bought a T.V. set for 5000 on credit. The rate of interest for the first year is 5% and
of the second year is 10%. How much will it cost her if she pays the amount after two
years ?​

Answer 1

Answer:

For First year Compound Interest

P = 5000

R = 5%

T = 1 year

A = 5000(1+5/100)^1

A = 5000× 105/100

A = 50 × 105

A = 5250

For second year Simple Interest,

P = 5250

R = 10

T = 1 Year

S.I = 5250 × 10 × 1/100

S I = 525

Amount will be 5250+ 525

= 5775

Hope it helps you☺