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Discussion

Find the amount on Rs.5000 in 2 years, the rate of interest being 4% per first year and 5% for the second year?

  • A.Rs.460
  • B.Rs.5640
  • C.Rs.5460
  • D.Rs.5604

Answer: C

5000 * 104/100 * 105/100 => 5460

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