Question

find the amount and the compound interest on Rs.6500 for 2 years , compounded annually, the rate of interest being 5% per annum during the first year and 6% per annum during the second year​

Answer 1

Step-by-step explanation:

principle =Rs 6500

time =2 years

rate =5%

interest =PTR÷100

=6500×2×5÷100

=65000÷100

=650 for first year

principle=6500

time=2 years

rate=6%

interest=PTR÷100

=6500×2×6÷100

=78000÷100

=780 for second year

for first year

amount=P+I

=6500+650

=7150

for 2nd year

amount=P+I

=6500+780

=7280 answer!!!!!