# what sum will amount of ₹6,593.40 in 2 years at c.i., if the rates are 10 per cent and 11 per cent for the two successive years?

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## What sum will amount to Rs. 6,593.40 in 2 years C.I., if the rates are 10 per cent and 11 per cent for the successive years?

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Question

## What sum will amount to Rs. 6,593.40 in 2 years C.I., if the rates are 10 per cent and 11 per cent for the successive years?

**A**

## 5000

**B**

## 5600

**C**

## 5400

**D**

## 6000

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## What Sum Will Amount of Rs. 6,593.40 in 2 Years at C.I. , If the Rates Are 10 per Cent and 11 per Cent for the Two Successive Years ?

What Sum Will Amount of Rs. 6,593.40 in 2 Years at C.I. , If the Rates Are 10 per Cent and 11 per Cent for the Two Successive Years ?

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What sum will amount of Rs. 6,593.40 in 2 years at C.I. , if the rates are 10 per cent and 11 per cent for the two successive years ?

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### SOLUTION

Let principal (p) = Rs. 100

**For 1st year :**P = Rs. 100

R = 10% T = 1 year I = 100×10×1100 = Rs. 10.

A = 100 + 10 = Rs. 110

**For 2nd year :**P = Rs. 110

R = 11% T = 1 year I = 110×11×1100 = Rs. 12.10.

A = 110 + 12.10 = Rs. 122.10

If Amount is Rs. 122.10 on a sum of Rs. = 100

If amount is Rs. 1, sum =

100122.10

If amount is Rs. 6593.40, sum =

100122.10×6593.40 = Rs. 5400

Concept: Concept of Compound Interest

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Chapter 2: Compound Interest (Without using formula) - Exercise 2 (D) [Page 38]

Q 1 Q 12 Q 2

### APPEARS IN

Selina Concise Mathematics Class 9 ICSE

Chapter 2 Compound Interest (Without using formula)

Exercise 2 (D) | Q 1 | Page 38

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## What sum will amount to रु 6,593.40 in 2 years at C.I., if the rates are 10 percent and 11 percent for the two successive years ?

NAWhat sum will amount to रु 6,593.40 in 2 years at C.I., if the rates are 10 percent and 11 percent for the two successive years ?

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What sum will amount to रु 6,5...

What sum will amount to रु 6,593.40 in 2 years at C.I., if the rates are 10 percent and 11 percent for the two successive years ?

Updated On: 27-06-2022

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The correct Answer is रु 5400

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Transcript

film student in this question what sum will be amount to rupees this amount is given principle we have to find out in two years compounded at compound in percent and 11% for two successive is principle we have to find out so we are going to use this formula is equal to 1 + 1 upon hundred for successive years this formula rate for first year wait for second year like this separate it amounts to rupees 659 3.40 we want to find out and first rate of interest is 10 second rate of interest rate of interest for 1 year that is 11 simplified this with be it will be 11.10 and 111 upon

in further we want to find out the value of P that we will be 59 3.40 the certain and hundred will be in multiplication and 11 and 111 11 and 111 will be calculated remove this decimal and it will be there 20 cancel out 20 further on dividing it by 11 111 it will be 5400 rupees to this will be the sum thank you

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Guys, does anyone know the answer?