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, find the total amount at the end of 2 years.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹27,300✓
- 2₹29,000
- 3₹26,800
- 4₹28,000
Correct answer
₹27,300
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