calculate the amount and the compound interest on rupees 5000 in 2 years and the rate of interest for two successive years at 6% and 8% effe

Question

calculate the amount and the compound interest on rupees 5000 in 2 years and the rate of interest for two successive years at 6% and 8% effectively​

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Aaliyah 7 months 2021-10-15T20:49:02+00:00 1 Answer 0 views 0

Answers ( )

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    2021-10-15T20:50:29+00:00

    for the 1st year

    S.I = P×R×T/100

    S.I = 5000×6×1/100

    S.I = 50×6×1

    S.I = 300

    A = P + S.I

    A = 5000+300

    A = 5300

    for the 2nd year

    S.I = P×R×T/100

    S.I = 5300×8×1/100

    S.I = 53×8×1

    S.I = 424

    A = P×S.I

    A = 5300+424

    A = 5624

    C.I =A-P

    C.I = 5624-5000

    C.I = 624

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