A ₹5,000 sum earns 10% the first year and 5% the second. Compound amount?
A₹5,750
B₹5,775
C₹5,800
D₹5,850
Answer & Solution
Correct answer: B. ₹5,775
The amount is ₹5,000 × 1.10 × 1.05 = ₹5,775.
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