A man gets a simple interest of $Rs. 1000$ on a certain principal at the rate of $5$ $p.c.p.a.$ in $4$ years. What compound interest (In $Rs.$) will the man get on twice the principal in two years at the same rate?
A man gets a simple interest of $Rs. 1000$ on a certain principal at the rate of $5$ $p.c.p.a.$ in $4$ years. What compound interest (In $Rs.$) will the man get on twice the principal in two years at the same rate?
- A
$1050$
- B
$1005$
- C
$1025$
- D
$125$
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