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The amount on Rs. 1000 for 2 years at the rate of 5% compound interest per annum isA. Rs. 1102.50B. Rs. 1120.50C. Rs. 1021.50D. Rs. 1202.50 |
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Answer» Correct Answer - A Rs. 1102.50 The required amount `=Rs. 1000(1+5/100)^(2)` `=Rs. 1000(1+1/20)^(2)` `=Rs. 1000xx21/20xx21/20=Rs. 1102.50` Hence a is correct. |
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