how much will Rs 25000 amont in 2 years at compond interest, if the rates for the successive years 4 percent and 5 percent per year.
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sum of money=25000
time = 2yrs
rate = 4%,5%
amt=sum*(1+(r1/100))(1+(r2/100))
= 25000*(1+5/100)(1+4/100)
= 25000*(21/20)*(26/25)
= 50*26*21
= 27300
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