Correct Answer: 3,41,400
Explanation:
We have r = Rate of increase
= 52/1000 x 100
= 5.2, n = 5, P0 = 265000
∵ P = 265000(1 + 5.2 / 100)5
⇒ log P = log 265000 + 5(log 105.2 - log 100)
= 5.4232 + 5(2.0220 - 2)
= 5.4232 + 0.1100
= 5.5332
∴ P = antilog(5.5332) = 341400
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