Mathematics for FinancePYQ Nov 20Question 1206 of 422
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An amount $P$ becomes $5,100.5$ and $5,203$ after second and fourth years respectively at $1\%$ of interest per annum compounded annually. This value of $P$ and $R$ are

Options

A$4,000$ and $1.5$
B$5,000$ and $1$
C$6,000$ and $2$
D$5,500$ and $3$
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Correct Answer

Option b$5,000$ and $1$

All Options:

  • A$4,000$ and $1.5$
  • B$5,000$ and $1$
  • C$6,000$ and $2$
  • D$5,500$ and $3$

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