Question
Download Solution PDFIf the rate of simple interest in consecutive years is 4% and 5% respectively, then what will be the total amount payable on Rs. 25,000 in 2 years?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven
Principal = 25000
Rate = 4% and 5%
Formula used
SI = PRT/100
Calculation
The SI for the first year:
⇒ (25000 × 4 × 1)/100
⇒ 1000
The SI for the Second year:
⇒ (25000 × 5 × 1)/100
⇒ 1250
Total Amount = 25000 + 1000 + 1250 = 27250
The answer is Rs. 27,250
Last updated on Jul 10, 2025
-> The Staff selection commission has released the SSC CHSL Notification 2025 on its official website on 23rd June 2025.
-> The SSC CHSL Apply Online 2025 has been started and candidates can apply online on or before 18th July.
-> The SSC has released the SSC CHSL exam calendar for various exams including CHSL 2025 Recruitment. As per the calendar, SSC CHSL Application process will be active from 23rd June 2025 to 18th July 2025.
-> The SSC CHSL is conducted to recruit candidates for various posts such as Postal Assistant, Lower Divisional Clerks, Court Clerk, Sorting Assistants, Data Entry Operators, etc. under the Central Government.
-> The SSC CHSL Selection Process consists of a Computer Based Exam (Tier I & Tier II).
-> To enhance your preparation for the exam, practice important questions from SSC CHSL Previous Year Papers. Also, attempt SSC CHSL Mock Test.
-> The UGC NET Exam Analysis 2025 for the exam conducted on June 25 is out.