Compound Interest Practice Test 5

Question : 35 of 40

Marks: +1, -0

Jyoti invests Rs 50,000 at 5% per annum compound interest for two years. The amount standing to her credit at the end of the second year is _____ .

Solution:

P = Rs 50,000, R = 5%, T = 2 years
Amount

=50,000(1+5/100)^2

=50,000×105/100×105/100

Amount = Rs 55,125

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