The amount on Rs.25,000 In 2 years at annual compound Interest. If the rates for the successive years be 4% and 5% per annum respectively Is :
1). Rs.30,000
2). Rs.26,800
3). Ra.27,300
4). Rs.28,500
.AMOUNT
= P[$(1+\frac{(R1)^{}}{100})$][$(1+\frac{(R2)^{}}{100})$]
= 25000[$(1+\frac{(4)^{}}{100})$][$(1+\frac{(5)^{}}{100})$]
= $25000\times\frac{104}{100}\times\frac{105}{100}$
= Rs. 27300