how much will rs25000 amount in 2 years at the compound interest, if the rates of interest for the two succecive years are 4% and 5% per annum respectively.
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Step-by-step explanation:
p=rs.25000
rate for 1st year=4%
amount =p(1+r/100)^t
=rs.25000(1+4/100)
=rs.26000
rate for 2nd year= 5%
amount = rs.25000(1+5/100)
= rs.26250
total amount in 2 years= rs.52250
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