A principal of ` 10,000, after 2 years compounded annually, the rate of interest being 10% per annum during the first year and 12% per annum during the second year (in rupees) will amount to:

Question

PYQPulse · Accepted Answer

11,320

PYQPulse · Answer

Explanation: 1 2 = + + A P 1 1 ç ÷ ç ÷ è ø è ø 100 100 æ ö æ ö 10 12 = + + A 10000 1 1 ç ÷ ç ÷ è ø è ø 100 100 æ ö æ ö 110 112 = A 10000 100 ç ÷ ç ÷ è ø è ø 100 A = 12320 547.527 547527 10000 0.0082 = Þ ´ = x x 2012 Solved Paper

A principal of ` 10,000, after 2 years compounded annually, the rate of interest being 10% per annum during the first year and 12% per annum during the second year (in rupees) will amount to:

Answer: D. 11,320

Explanation

A principal of ` 10,000, after 2 years compounded annually, the rate of interest being 10% per annum during the first year and 12% per annum during the second year (in rupees) will amount to:

Answer: D. 11,320

Explanation