Question

vaishali invested rupees 25000 with an instrument which would pay the rate of interest 8 percent p. a. during first year and 6 percent p. a. during second year. find the amount she will get back after two years

Answer 1

Answer:Amount=Rs. 28,620

Step-by-step explanation: Principal=25000

For first year,

Interest=P*R*T/100

25000*8*1/100

i=2000

For second year,

principal becomes 25000+2000

=27000

I=prt/100

=27000*6*1/100

=1620

Amount=Interest+Principal

amt=1620+27000

amt=28,620

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