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Q: Find the compound interest on Rs. 6,500 for 4 years if the rate of interest is 10% p.a. for the first 2 years and 20% per annum for the next 2 years?

  • 1
    Rs. 3845
    Correct
    Incorrect
  • 2
    Rs. 4826
    Correct
    Incorrect
  • 3
    Rs. 5142
    Correct
    Incorrect
  • 4
    Rs. 4415
    Correct
    Incorrect
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Answer : 2. "Rs. 4826"
Explanation :

Answer: B) Rs. 4826 Explanation: We know the formula for calculating The compound interest C = P1 + r100n - 1 where P = amount, r = rate of interest, n = time Here P = 5000, r1 = 10, r2 = 20 Then C = 65001 + 101002 x 1 + 201002 - 1= 6500 x 18562500= 65 x 185625 C = Rs. 4826.

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