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      Question

      The compound interest of ₹6,000 in two years, if the

      rate of interest is 2.5% per annum for the first year and 2% per annum for the second year, will be:
      A ₹273 Correct Answer Incorrect Answer
      B ₹135 Correct Answer Incorrect Answer
      C ₹270 Correct Answer Incorrect Answer
      D ₹240 Correct Answer Incorrect Answer

      Solution

      Rate of CI   for 2 years =2.5+2+(2.5×2)/100 =4.5+0.05 =4.55% CI =6000×4.55/100 =6000×455/10000 =273 Rs.

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