Calculate the amount and compound interest on Rs. 4600 in 2 years when the rates of interest for successive years are 10% and 12% res

Question

Calculate the amount and compound interest on Rs. 4600 in 2 years
when the rates of interest for successive years are 10% and 12% respectively.

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Reagan 1 month 2021-08-13T12:19:18+00:00 1 Answer 0 views 0

Answers ( )

    0
    2021-08-13T12:20:22+00:00

    C.I of 4600 for 2 year at rate of interest are 10% and 12%
    Amount=4600×(1+
    100
    10

    )(1+
    100
    12

    )

    ⇒4600×
    100
    110

    ×
    100
    112

    ⇒5667.20Rs.

    C.I.=5667.20−4600=1067.20Rs.

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