Question

What will be the compound interest of 2 years of 25,000 if progressive years
Rate 4% and 5% yearly?​

Answer 1

Hello Buddy!!

First Year Interest os 2500*3%=75 second year interest will be 2527*4%=103. Third year interest will be 2678*5%=133,90 do total 75 + 103 + 113,90 = 311.90

Hope Its Help!!

Answer 2

P= ₹ 25000
R=4% and 5% in progressive years respectively
T=2 years
Formula=
A= P*[1+R/100]^T
A= ₹25000*[1+4/100]*[1+5/100] = ₹25000* 104/100* 105/100
A= ₹27300
So,C.I. = ₹27300- ₹25000 = ₹ 2300