Question

what sum of money will amount to rupees 5724 in 2 years if the rate of 6% and 8% for successive years
I NEED STEP WISE EXPLANATION (IF ANYONE WILL GIVE ME RIGHT ANSWER I WILL MARK AS BRAINLIST)
ANSWER:5000​

Answer 1

Answer:

5724=p[(1+2×6/100)+(1+8×2/100)]

=>5724=p[28/25+29/25]

=>5724=p(57/25)

=>5724×25/57=p

=>p=2510.52