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A sum of money at compound rate of interest amounts to Rs. 750 in 1st year and to Rs. 1000 in 2nd year. Find the sum:
  • a)
    Rs. 562.5
  • b)
    Rs. 562
  • c)
    Rs. 560.5
  • d)
    Rs. 600
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A sum of money at compound rate of interest amounts to Rs. 750 in 1st...
Amount after 1st year serves as principal for 2nd year. So,
Dividing (?) by (??) we get,
P=Rs.562.50
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A sum of money at compound rate of interest amounts to Rs. 750 in 1st year and to Rs. 1000 in 2nd year. Find the sum:a)Rs. 562.5b)Rs. 562c)Rs. 560.5d)Rs. 600Correct answer is option 'A'. Can you explain this answer? for GATE 2025 is part of GATE preparation. The Question and answers have been prepared according to the GATE exam syllabus. Information about A sum of money at compound rate of interest amounts to Rs. 750 in 1st year and to Rs. 1000 in 2nd year. Find the sum:a)Rs. 562.5b)Rs. 562c)Rs. 560.5d)Rs. 600Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for GATE 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A sum of money at compound rate of interest amounts to Rs. 750 in 1st year and to Rs. 1000 in 2nd year. Find the sum:a)Rs. 562.5b)Rs. 562c)Rs. 560.5d)Rs. 600Correct answer is option 'A'. Can you explain this answer?.
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