A) Rs. 50
B) Rs. 51
C) Rs. 52
D) Rs. 54
Correct Answer: B
Solution :
According to questions, \[\,25=P\left[ {{\left( 1+\frac{4}{100} \right)}^{1}}-1 \right]\] \[25=P\left[ \frac{26}{25}-1 \right]\] \[25=\frac{P}{25}\] \[\therefore \] \[P=25\times 25=625\] \[\therefore \] Compound interest for 2 yr \[=625\left[ {{\left( 1+\frac{4}{100} \right)}^{2}}-1 \right]\] \[=625\left[ \frac{26\times 26}{25\times 25}-1 \right]\] \[=625\left[ \frac{676-625}{625} \right]=\]Rs. 51You need to login to perform this action.
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