How much will ₹ 25,000 amount to in 2 years at compound interest if the rates for the successive years are 4% and 5% per year:

CA Foundation · Quantitative Aptitude · MTP · January 2025
How much will ₹ 25,000 amount to in 2 years at compound interest if the rates for the successive years are 4% and 5% per year:
(A) A. ₹ 27,000
(B) B. ₹ 27,300
(C) C. ₹ 27,500
(D) D. ₹ 27,900

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. ₹ 27,300

Topics: Part-A: Business Mathematics

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