Find the Compound interest for a sum of RS 9875 in 2 years, if the rate of interest for the first year is 6% and for the second year is 8%:
Option
(A) 1429.9
(B) 1399.9
(C) 1639.9
(D) none

• C.I = P(1 + R1/100)(1 + R2/100) - P
  
  C.I = 9875(1 + 6/100)(1 + 8/100) - 9875
  
  C.I = 9875[106*108/10000 1]
  
  C.I = 11304.9 RS.
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• A) 1429.9
  
  Amount A = P(1+r1/100)*(1+r2/100)
  = 9875(1+6/100)*(1+8/100)
  = 11304.9
  
  Compound interest = A - P
  = 11304.9 - 9875
  = 1429.9
  
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