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Question

Find the compound interest earned on a sum of ₹400 in 2 years at the rate of 25% p.a.
  1. 225

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Solution

The correct option is A 225
Given: P=400, T=2 years, R = 25%

We know that,
A=P(1+R100)n

On substituting the values, we get,
A=400×(1+25100)2=400×(54)2=400×2516=625

Also, C.I=APC.I=625400C.I=225


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