Rs 100 will become after 20 years at5% p. a compound interest of......... (a) 250 (b) 205 (c) 265.50 (d) none of these
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Answer:
265.50.
Step-by-step explanation:
Use the compound interest Formula
P(1+r%/100)^n
100(1+5/100)^20
100×(105/100)^20
it will be 265.50.
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Hope it help you.
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