How much will Rs. 50,000 amount to in 2 years at 5% interest rate compounded annually
(a) Rs. 55,000
(b) Rs. 65,000
(c) Rs. 55,125
(d) Rs.70,000
hey friends tell me the answer and then you will get marks and I will thankyou
Answers
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Answer:
The answer is (c) Rs. 55125
Step-by-step explanation:
- A = P ( 1 + R / 100 ) n
- P = 50000 , R = 5 % , N = 2 Years
- A = 50000 ( 1 + 5 / 100 ) 2
- 50000 ( 105 / 100 ) 2
- 50000 × 21 / 20 × 21 / 20
- 500 × 21 / 2 × 21 / 2
- 441 + 500 / 4 = 220500 / 4
- 551 25 Rs
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