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43. Find the compound interest on R 18750 in 2 yr the rateof interest being 4% for the first year and 8% for thesecond year.1. 23104. 24322. R 11305. 12853. 3120 |
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Answer» Explanation : Amount = Principal( 1 + Rate/100) For first year interest is 4% Amount = 18750×(1+4/100) = 18750×1.04 = 19500 Interest = 750 Amount will be Principal for 2nd year and interest for 2nd year is 8% So Amount = 19500×(1+8/100) = 19500×1.08 = 21060 Interest = 1560 Total interest = 750 + 1560 = 2310 Answer : 2310 If you find this answer helpful then like it. |
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