-
The amount of Rs. 10,000 after 2 years, compounded annually with the rate of interest being 10% per annum during the first year and 12% per annum during the second year, would be (in rupees)
-
- 11,320
- 12,000
- 12,320
- 12,500
Correct Option: C
Here , Principal = Rs. 10000 , R1 = 10% , R2 = 12%
| A = P |  | 1 + |  | | 1 + | | ||
| 100 | 100 |
| A = 10000 | | 1 + | | | 1 + | | ||
| 100 | 100 |
| A = 10000 × | × | ||
| 100 | 100 |
∴ A = Rs. 12320
