Question

Swati borrowed Rs. 10,000 from bank. Calculate the amount due and the
compound interest on Rs. 10,000 in 2 years when the rate is 8% for first year and
9% on second year.​

Answer 1

Answer:

11772

Step-by-step explanation:

Amount for first year c.i.=10000+ 10000×1×8/100=10800

Amount for the second year= 10800+10800×1×9/100=10800+972=11772