Mathematics · Compound Interest
An amount of ₹ 25,000 is invested for 2 years at compound interest compounded annually. If the interest rates for the successive years are 4% and 5% per annum respectively, what is the final amount?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 28,000
- 2₹ 26,800
- 3₹ 29,000
- 4₹ 27,300✓
Correct answer
₹ 27,300
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