The amount on Rs. 25,000 in 2 years at annual compound interest, if th – McqOptions

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1.	The amount on Rs. 25,000 in 2 years at annual compound interest, if the rates for the successive years be 4% and 5% per annum respectively is :
A.	Rs. 30,000
B.	Rs. 26,800
C.	Rs. 27,300
D.	Rs. 28,500
Answer» D. Rs. 28,500

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