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  • Find the amount of Rs 25000 after 2 years , compounded annually, the rate of interest being 8% p.a. during the first year and 9% p.a. during the second year.Also, find the compound interest.

Find the amount of Rs 25000 after 2 years , compounded annually, the rate of interest being 8% p.a. during the first year and 9% p.a. during the second year.Also, find the compound interest.

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Here, P=25000,r1=8% p.a. , r2=9% p.a.

Using the formula A=P(1+fracr_1100)(1+fracr_2100)

Amount after 2years = A=25000(1+frac8100)(1+frac9100)

A=25000 imesfrac2725 imesfrac109100=Rs, 29430

herefore C.I. after 2 years= Rs(29430-25000)=Rs4430

Posted by

Deependra Verma

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