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    Question

    At what rate percent compounded yearly will Rs. 5000

    amount to Rs 5408 in 2 yrs?
    A 6% p.a. Correct Answer Incorrect Answer
    B 5% p.a. Correct Answer Incorrect Answer
    C 4% p.a. Correct Answer Incorrect Answer
    D 8% p.a. Correct Answer Incorrect Answer

    Solution

     A = P ( 1 + R/100) t 5408 = 5000 ( 1 + R/100)² 5408 /5000= (100 + R/100)² 26/25 = (100 + R )/100 2600 = 2500 + 25 R 2600 – 2500 = 25 R 100 = 25 R R = 4% p.a .

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