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  1. What does ₹ 250 amounts to in 2 years with compound interest at the rate of 4% in the 1st year and 8% in the second year ?
    1. ₹ 280
    2. ₹ 280.80
    3. ₹ 468
    4. ₹ 290.80
Correct Option: B

Here , P = ₹ 250 , R1 = 4% , R2 = 8%

A = P1 +
R1
T11 +
R2
T2
100100

A = 2501 +
4
1 +
8
100100

A = 250 ×
104
×
108
100100

∴  A = ₹ 280.80



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