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CUET · MATHS · PYQ PAPER 2025

The amount to which ₹ 5000 will accumulate at the effective rate of 4% for 4 years and 5% for 2 years is:

  1. A ₹ 8295
  2. B ₹ 10295
  3. C ₹ 6448
  4. D ₹ 7295
Verified Solution

Answer & Solution

Correct Answer

(C) ₹ 6448

Step-by-step Solution

Detailed explanation

\( A = P(1 + r_1)^{t_1}(1 + r_2)^{t_2} \) \( A = 5000(1.04)^4(1.05)^2 \) \( A = 5000 \times 1.16985856 \times 1.1025 \) \( A = 6448.337724 \) ₹ 6448