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What will Rs 25000 amounts to in two years at Compound Interest if the rates for successive years be 4 % and 5 % per year.

Solution:
Your problem `->` What will Rs 25000 amounts to in two years at Compound Interest if the rates for successive years be 4 % and 5 % per year.


Here `P = 25000, R_1 = 4` % for 1st year and `R_2 = 5` % for 2nd year, `N_1 = 1, N_2 = 1`

For Successvie rates
`A = P * (1+R_1/100)^(N_1) * (1+R_2/100)^(N_2) ...`

`A = 25000 * (1 + 4 /100) * (1 + 5 /100)`

`= 25000 * ( 104 / 100 ) * ( 105 / 100 )`

`= 27300`.






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