. A woman invests Rs. 100 at the start of each year at 5% compound interest per annum. How much will her investment be; at the end of the 2nd year?
1. Rs. 215.25
2. Rs. 215.5
3. Rs. 215
4. Rs. 215.75
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3
Answer:
100×5×1/100=5
100+5=105
for next year
105×5×1/100=5.25+100×5×1/100=5
after two year her investment will be; 100+100+5+5.25+5=215.25
Answered by
0
Answer:
100×5×1/100=5
100+5=105
for next year
105×5×1/100=5.25+100×5×1/100=5
after two year her investment will be; 100+100+5+5.25+5=215.25
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