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in Mathematics by (49.9k points)
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Mr. Lalit invested Rs. 5,000 at a certain rate of interest, compounded annually for two years. At the end of first year it amounts to Rs. 5,325. Calculate : 

(i) The rate of interest. 

(ii) The amount at the end of second year, to the nearest rupee. 

1 Answer

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by (48.6k points)
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Best answer

Given : Principal = Rs. 5,000, Time = 2 years, 

After one year amount = Rs. 5,325

(i) We know that Amount (A) = P + I

For 1st year :

(ii) Amount at the end of 2nd year

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