Saved Bookmarks
| 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₹ |
|