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 ?

Ram Avtar Sharma • 4.50K Points
Extraordinary Math

Q. 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 ?

(A) 12,000
(B) 12,320
(C) 12,500
(D) 11,320

Correct Answer - Option(B)

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