Find the amount and the compound interest on ₹ 4,000 in 2 years, if the rate of interest for first year is 10% and for the second year is 15%.

Question

Find the amount and the compound interest on ₹ 4,000 in 2 years, if the rate of interest for first year is 10% and for the second year is 15%.
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

Sure, let's solve this step by step.

Step 1: Calculate the interest for the first year. The formula for simple interest is (Principal * Rate * Time)/100. So, for the first year, the interest is (4000 * 10 * 1)/100 = ₹400.

Step 2: Add the interest for the first year to the principal to get the new Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

This problem has been solved

Similar Questions

Find the amount and the compound interest on ₹ 4,000 in 2 years, if the rate of interest for first year is 10% and for the second year is 15%.

Ratio of principal and the amount after 2 years is 20: 30. Find the rate of simple interest per year.15 %12.5 %20 %25 %

Ratio of principal and the amount after 2 years is 20: 30. Find the rate of simple interest per year.25 %20 %15 %12.5 %

Find the amount of Rs.4000 for 3 years compounded annually, the rate of interest being 5% for the first 2 years and 10% for the next one year

Arjun deposited ` 4500 with a company at 20% p.a. for 3 years at compound interest. Findthe compound interest and the amount he received at the end of 3 years.

1/3