What will be the compound interest on a sum of Rs. 1,875 after 2 years if the rate of interest for the first year is 4% and for the second year is 8%?
Q1. What will be the compound interest on a sum of Rs. 1,875 after 2 years if the rate of interest for the first year is 4% and for the second year is 8%?
Answer: 231
Explanation: The correct value is 231. Apply the formula or arithmetic step shown in the question and