Amit invested an amount of Rs. 25000 in fixed deposit @ C.I. 8 % per annum for 2 years . What amount

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6.Interest

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Amit invested an amount of $Rs. 25000$ in fixed deposit @ $C.I.$ $8 \%$ per annum for $2$ $years$. What amount (In $Rs.$) Amit will get

A

$28240$

B

$28540$

C

$29240$

D

$29160$

Solution

Here, Amount $=P\left[\left(1+\frac{R}{100}\right)^{2}\right]$

$\quad=25000\left[\left(1+\frac{8}{100}\right)^{2}\right]$

$\quad=25000\left[\left(\frac{27}{25}\right)^{2}\right]=$ Rs. 29160

Standard 13

Quantitative Aptitude

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