Mathematics for FinancePYQ Nov 18Question 1187 of 422
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How much will $P 25,000$ amount to in $2$ years at compound interest if the rates for the successive years are $4\%$ and $5\%$ per year

Options

A$P 27,300$
B$P 27,000$
C$P 27,500$
D$P 27,900$
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Correct Answer

Option b$P 27,000$

All Options:

  • A$P 27,300$
  • B$P 27,000$
  • C$P 27,500$
  • D$P 27,900$

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