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Description for Correct answer: Principal Amt.=Rs. 25000 Time = 2 years R1 = 4 %, R2 = 5 % Annually \( \Large 4 %=\frac{1}{25}, 5 %=\frac{1}{20} \) So amount will be Rs. 27300 after 2 years Part of solved Simple and compound interest questions and answers : >> Aptitude >> Simple and compound interest 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 fa) Rs. 27.300 (4) Rs. 28,500 Correct Option: CGiven that , Principal = Rs. 25,000 , Time = 2 years , R1 = 4% , R2 = 5%
Amount = Rs. 27300
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How much will rupees 25000 amount to in 2 years at compound interest if the rate for the successive years before and 5% per year?Solution : Amount`=P(1+r/100)^t`<br> Amount`=25000(1+4/100)^1`<br> After 2 years <br> Amount`=25000(1+4/100)(1+5/100)`<br> `A=27300`<br> option c is correct.
At what rate of compound interest will 25000 become 36000 in two years and also find the compound interest?So, rate of interest is Rs = 20% per annum.
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