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Find the amount and the compound interest on ₹4,000 in 2 years, if the rate of interest for first year is 10%and for the second year is 15% |
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Answer» -step EXPLANATION:first COMPOUND interest=4000 for 2years1 YEAR compound interest 4000/2 =2000if I, first year interest 10% second year interest 15% 2000 rupes for RATE interest 2000/10 one year rate interest 200 second year rate interest 2000/15second year rate interest 133.34 |
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