Correct Option: CGiven that , Principal = Rs. 25,000 , Time = 2 years , R1 = 4% , R2 = 5% Show
Amount = Rs. 27300
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₹ 8499/- - AI Coach Study Modules, - Unlimited Mock Tests, - Study Improvement Plan. ₹ 13999/- ₹ 12499/- - AI Coach Study Modules, - Unlimited Mock Tests, - Study Improvement Plan. ₹ 9999/- ₹ 8499/- Correct Answer - Option 3 : Rs. 27,300 Formula used: When rate of interest are different then, A = P (1 + r1/100) (1 + r2/100) Here A = amount, P = principal sum and r1 and r2 are rate of interest for year 1 and year 2 Calculation: P = Rs. 25,000 r1 = 4% and r2 = 5% Amount, A = 25000 × (1 + 4/100)(1 + 5/100) ⇒ A = 25000 × (104/100) × (105/100) ⇒ A = 25000 × 26/25 × 21/20 ⇒ Amount = Rs. 27,300 ∴ Rs. 25,000 amount to Rs. 27,300 in 2 years at compound interest
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How much will rupees 25000 amount to in 2 years if the rate of successive years before per annum and 5 per annum respectively?ANS is :- 27300
What would be the compound interest of Rs 25000 for 2 years at the rate of 5% per annum?25000 for 2 years at the rate of 5% per annum ?
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Correct Option: B.. What will be the compound interest on fixed deposit of Rs 25000 for 2 yrs if rate of interest is 12% pa by assuming interest compounded annually?Rate of interest = 12% p.a. ∴ The compound interest is Rs. 10123.20.
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