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

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(A) Given: Principal $(P) = ₹ 1875$,Rate for first year $(R_1) = 4 \%$,Rate for second year $(R_2) = 8 \%$,Time $(n) = 2 	ext{ years}$.The formula fo

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$231$

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(A) Given: Principal $(P) = ₹ 1875$,Rate for first year $(R_1) = 4 \%$,Rate for second year $(R_2) = 8 \%$,Time $(n) = 2 	ext{ years}$.The formula for the amount $(A)$ when rates are different for different years is:$A = P 	imes (1 + \frac{R_1}{100}) 	imes (1 + \frac{R_2}{100})$$A = 1875 	imes (1 + \frac{4}{100}) 	imes (1 + \frac{8}{100})$$A = 1875 	imes (\frac{104}{100}) 	imes (\frac{108}{100})$$A = 1875 	imes (\frac{26}{25}) 	imes (\frac{27}{25})$$A = 1875 	imes \frac{702}{625}$$A = 3 	imes 702 = ₹ 2106$Compound Interest $(CI) = A - P$$CI = 2106 - 1875 = ₹ 231$.

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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