Question

What will be the compound interest on rs 19400 for 2 years the rate of interest for first year being 6% and for the second year being 20%?

Answer 1

Answer:

compound interest= ₹ 5276.8

Step-by-step explanation:

P=19400

T=2yrs

R for first yrs =6%p.a

r for second yrs =20%p.a

so,

amount (A) = P(1+R/100)(1+r/100)

= 19400(1+6/100)(1+20/100)

= 19400(53/50)(6/5)

= ₹24676.8

C.I. = A - P

= 24676.8 - 19400

= ₹5276.8 ans.