1.

what sum of money will amount to rupees 5724 in 2 year if the compound interest rate are 6% and 8% for successive year?​

Answer»

Step-by-step explanation:

1st YEAR = (5724 * 0.06) = 343.44₹

2nd year = (5724+343.44)*0.08 = 485.4₹

total CI = 343.44 + 485.4 = 828.38₹



Discussion

No Comment Found

Related InterviewSolutions