A principal of Rs.10,000, after 2 years compounded annually, the rate of interes

Question

A principal of Rs.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 :

Options:

A . Rs.11,320

B . Rs.12,000

C . Rs.12,500

D . Rs.12,320

Answer: Option D
Answer: (d)Using Rule 3,A = P$(1 + r_1/100)(1 + r_2/100)$= 10000$(1 + 10/100)(1 + 12/100)$= 10000 × $11/10 × 28/25$ = Rs.12320

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