Mathematics for FinancePYQ Nov 20Question 1206 of 479
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An amount P\displaystyle P becomes 5,100.5\displaystyle 5,100.5 and 5,203\displaystyle 5,203 after second and fourth years respectively at 1%\displaystyle 1\% of interest per annum compounded annually. This value of P\displaystyle P and R\displaystyle R are

Options

A4,000\displaystyle 4,000 and 1.5\displaystyle 1.5
B5,000\displaystyle 5,000 and 1\displaystyle 1
C6,000\displaystyle 6,000 and 2\displaystyle 2
D5,500\displaystyle 5,500 and 3\displaystyle 3
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Correct Answer

Option b5,000\displaystyle 5,000 and 1\displaystyle 1

All Options:

  • A4,000\displaystyle 4,000 and 1.5\displaystyle 1.5
  • B5,000\displaystyle 5,000 and 1\displaystyle 1
  • C6,000\displaystyle 6,000 and 2\displaystyle 2
  • D5,500\displaystyle 5,500 and 3\displaystyle 3

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