SSC CHSL 15 Nov 2015 Shift 1 Paper

Question : 126 of 199

Marks: +1, -0

The amount on ₹ 25000 in 2 years at annually compound interest, if the rates for the successive years be 4% and 5% per annum respectively is:

Solution:

Principal amount = Rs. 25,000 for 2 years
Interest for 1st year = 4% and for 2nd year = 5%
Amount after 2 years =

25, 000(1 + 4/100 )(1 + 5/ 100 )

25, 000( 26/25 )( 21/20)

⇒

50 × 26 × 21 = Rs. 27, 300

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