Question

what will be the compound interest on a sum of $1875 after 2 years if the rate of interest for the first year is 4% and that for the second year.

Answer 1

intrs of 1st year=1875×4/100=75
1875+75=1950
interst of 2nd year=1950×4/100=78
1950+78=2028
easy way..hope it may helo you

Answer 2

Given, principal =$1875
Time=2years
Interest =4%
According to the question,
Amount=1875(1+4/100)^2
1875(26/25)^2
$2028
CI=2028-1875
$153
Please pls mark as brainliest...