Question

what sum will amount to ₹6593.40 in two years at compound interest, if the rates are 10%and 11% in 2 successive years without using formula

Answer 1

Answer:

5400

Step-by-step explanation:

A = P(1+R1/100)(1+R2/100)

6593.4 = P(1+10/100)(1+11/100)

6593.4 = P * 11/10 * 111/100

P = 6593.4 * 10 * 100 / 11 * 111

P = 5400

Hope this helps