Answer:25,000 in 2 years at annual compound interest, if the rates for the successive years be 4% and 5% per annum respectively is: (1) Rs. 30,000 (2) Rs. 26,800 fa) Rs.
A=P[1+
100
r
]
n
⇒ A=Rs.25,000×(
100
106
)
3
⇒ 25,000×
50
53
×
50
53
×
50
53
⇒ A=Rs.29,775.40
⇒ CI=A−P
⇒ Rs.29,775.40−Rs.25,000
∴ CompoundInterest=Rs.4775.40.
