What will be the compound interest (In ₹) on | vedclass

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Question

(a) Here, $P=1875, R_{1}=4$ and $R_{2}=8$.

$\begin{aligned} 	herefore \quad CI &=P\left[\left(1+\frac{R_{1}}{100}ight)\left(1+\frac{R_{2}}{1

Vedclass · Accepted Answer

$231$

Vedclass · Answer

(a) Here, $P=1875, R_{1}=4$ and $R_{2}=8$.

$\begin{aligned} 	herefore \quad CI &=P\left[\left(1+\frac{R_{1}}{100}ight)\left(1+\frac{R_{2}}{100}ight)-1ight] \ &=1875\left[\left(1+\frac{4}{100}ight)\left(1+\frac{8}{100}ight)-1ight] \ &=1875\left[\frac{26}{25} 	imes \frac{27}{25}-1ight] \ &=\frac{1875 	imes 77}{625}=₹ 231 \end{aligned}$

What will be the compound interest (In ₹) on a sum of ₹ $1875$ after $2$ years if the rate of interest for the first year is $4 \%$ and that for the second year is $8 \% ?$

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