CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

A person invests Rs. 10,000 for two years at a certain rate of interest compounded yearly. At the end of one year this sum amounts to Rs. 11,200. Calculate


  1. 10%, Rs.12500

  2. 14%, Rs.13544

  3. 12%, Rs.12544

  4. 11%, Rs.12000

  5. 12%, Rs.12500


Solution

The correct option is C

12%, Rs.12544


flag
 Suggest corrections
thumbs-up
 
0 Upvotes


Similar questions
QuestionImage
QuestionImage
View More...


Same exercise questions
QuestionImage
QuestionImage
View More...



footer-image