What does Rs. 250 amounts to in 2 years with compound interest at the rate of 4%

Question

What does Rs. 250 amounts to in 2 years with compound interest at the rate of 4% in the 1st year and 8% in the second year ?

Options:

A . Rs. 280

B . Rs. 280.80

C . Rs. 468

D . Rs. 290.80

Answer: Option B

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