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

12%, Rs.12500

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10%, Rs.12500

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11%, Rs.12000

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12%, Rs.12544

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14%, Rs.13544

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Solution

The correct option is D
12%, Rs.12544

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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

The correct option is D 12%, Rs.12544

The correct option is D
12%, Rs.12544