1.

The amount on Rs. 1000 for 2 years at the rate of 5% compound interest per annum isA. Rs. 1102.50B. Rs. 1120.50C. Rs. 1021.50D. Rs. 1202.50

Answer» Correct Answer - A
Rs. 1102.50
The required amount `=Rs. 1000(1+5/100)^(2)`
`=Rs. 1000(1+1/20)^(2)`
`=Rs. 1000xx21/20xx21/20=Rs. 1102.50`
Hence a is correct.


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