how much will Rs. 25000 amount to in 2years at compound in rest compounded annually, if the rate for successive years be 4per cent and 5per cent p. a..
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Answer:
27300
Step-by-step explanation:
p = 25000
r = 4
CI = p*r/100
= 25000 * 4 / 100
= 250 * 4
= 1000
amt = 25000 + 1000
= 26000
p = 26000
r = 5
CI = p * r / 100
= 26000 * 5 / 100
= 260 * 5
= 1300
amt = 26000 + 1300
= 27300
Therefore rs.25000 will amount to rs.27300 in 2 years
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