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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 :

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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

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2 answers

3 vote
Answered by on | Votes 3 |
i think option 3 is correct

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1 vote
Answered by on | Votes 1 |

.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




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